Market Leads & Opportunities
Countryside acquires Swindon development site
Countryside and Sovereign Housing Association have exchanged contracts with Ainscough Strategic Land to buy Lotmead Farm, a 365-acre development site in Swindon.Situated within the Swindon New Eastern Villages urban extension (NEV) development area, on green fields east of the A419, Lotmead Farm comes with outline planning permission for up to 2,500 new homes.The developer and the housing association are planning to build two primary schools, local centres, nurseries, sports facilities and retail and commercial space, as well as housing.30% of the housing will be designated as affordable. Up to 400 homes will be built for private rented accommodation.Countryside chief executive Iain McPherson described the purchase as “a landmark deal” for the developer as it targets further growth in the southwest region.
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