Cheltenham land deal hailed

A multimillion-pound land deal in Cheltenham paving the way for 180 homes has been hailed.Earlier this week, it was revealed that Tewkesbury-based housing association Bromford had agreed a deal to buy two parcels of land owned by Cheltenham Borough Council and Gloucestershire County Council on Old Gloucester Road in Cheltenham.The housing association will now draw up plans to build 180 properties on the combined 16-acre site.Councillor Peter Jeffries, cabinet member for finance and assets at Cheltenham Borough Council, said: “Once again this demonstrates how the council makes the best use of its assets to deliver the right outcomes for Cheltenham’s residents and businesses; and with this initiative this means securing both modern, sustainable housing and maximising financial returns for reinvestment back into Cheltenham.”Councillor Lynden Stowe, cabinet member for finance and change at Gloucestershire County Council, added: “We are delighted to have worked with Bromford and Cheltenham Borough Council to be able to deliver 180 new homes in Cheltenham.”These much-needed new homes will deliver a range of affordable housing for Cheltenham on land ideally located for this purpose.”