St. Modwen selected as partner for major Cheltenham development

St. Modwen has been chosen by Midlands Land Portfolio Limited (MLPL), the property development arm of Severn Trent (represented by CBRE), as its development partner for a 154-acre site to the west of Cheltenham as part of a wider mixed-use development known as The Golden Valley Development.The site is adjacent to the Government Communications Headquarters (GCHQ) and the National Cyber Security Centre and forms part of a key strategic allocation within the Joint Core Strategy. It includes the delivery of approximately 3000 new homes, a mixed-use Cyber Central Cluster bringing together leading cyber businesses and innovators alongside academic facilities dedicated to cyber and technologies, and significant infrastructure improvements.St. Modwen will draw on its development expertise and strong track record regionally and nationally in delivering a mixed-use development with community at the heart. A planning application for the development could be brought forward as early as 2021 and will include new homes as well as formal and informal green space and community assets that will complement the development of the cyber-related employment uses.The development is one of the most significant residential opportunities in the South West and is aligned to St. Modwen’s strategy of securing strategically located development opportunities in partnership with organisations or businesses with whom it shares similar objectives and values.Cheltenham is a highly desirable market and was voted the best place to live in the South West in 2020 by The Sunday Times, reflecting its cultural vibrancy, quality of education, broadband speed, green spaces and the health of its high street.As well as working closely with MLPL, St. Modwen looks forward to collaborating with the adjoining community, other landowners that make up the allocation and key stakeholders, including Cheltenham Borough Council and Tewkesbury Borough Council.