Leading Housebuilder Expands Reach With New Land Acquisition

Leading housebuilder Linden Homes has recently announced that it has successfully exchanged contracts to acquire 102 acres of land directly adjacent to its flagship site in Basingstoke, Longacre. Known as Hounsome Fields, the site has outline planning consent for 750 homes (400 private and 350 affordable) along with sports facilities, shops, a school and a nursery.

Following a successful sales rate at its Longacre development, now selling its third phase, Linden Homes was keen to expand its reach and provide further homes and facilities in the highly sought-after commuter town of Basingstoke. This is a significant investment for the Thames Valley region, and comes in the wake of the housebuilder recently announcing its acquisition of seven further sites across the country.

Located west of Winchester Road, the Hounsome Fields site is situated immediately south of Linden Homes’ 310 new homes at Longacre. Hounsome Fields is positioned less than five miles from the centre of Basingstoke town, and is within immediate reach of the M3 and A34. Work is due to start on site in late 2018 with homes launching for the following Summer.

Simon Pendlebury, Managing Director for Linden Homes Thames Valley, commented: “This is a fantastic acquisition for Linden Homes Thames Valley and a direct representation of the continued growth and development of the region. Securing this site demonstrates that Linden Homes Thames Valley region is able to successfully compete for large scale housing schemes on the open market, in line with the strategic direction of the wider business.”

Andrew Hammond, Divisional Chairman for Linden Homes, added: “This is a notable achievement for the Thames Valley team and kickstarts the New Year for the region. Recent land acquisitions across the country, including that of Hounsome Fields, have afforded us the opportunity to increase our volume growth as a business.

“We pride ourselves on delivering high quality family homes which form sustainable communities in well sought-after locations. This expansion of reach for the Thames Valley region is an excellent example of that and will help us to continue to drive the business forward in 2018.”

-ENDS-

Media can contact Emma Cox or Rebecca Reid for more information, images and interviews with Linden Homes: emma.cox@becg.co.uk / rebecca.reid@becg.co.uk 01962 893893.

25 January 2018

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