Grosvenor Britain & Ireland ('Grosvenor') has today confirmed the appointment of FTSE 250 housebuilder Redrow Homes to deliver new homes for its developing neighbourhood, Barton Park, on the outskirts of Oxford. Grosvenor says the move underlines its commitment to help tackle the housing shortage with a pipeline of 5,000 homes across the South East.
In a joint venture with Oxford City Council, Grosvenor is delivering what it calls “a 21st century garden suburb” in one of the country’s most physically-constrained cities. The new neighbourhood will host almost 900 new homes, 40 per cent of which will be for social rent. It will benefit from a new primary school, children’s play areas, communal gardens and allotments, improved sporting facilities and better road links.
Redrow will seek permission this year to build 207 two, three and four-bedroom homes. Northampton-based Redrow Homes (South Midlands) has a development pipeline across Oxfordshire, including at Banbury, Milton Heights, Bicester, Sutton Courtenay and Kennington. Its appointment follows that of housebuilder Hill Residential in 2015 to deliver the first homes at Barton Park.
Grosvenor’s joint venture with Oxford City Council has set a design code the company says will maintain consistently high standards of development across Barton Park. The code requires the housebuilders to incorporate renewable energy on site and ensures homes meet a high level of environmental performance. Barton Park is also one of the NHS’s 10 designated ‘Healthy New Towns’ and its progress will be measured and shared to shape thinking amongst town planners.
Alex Robinson, Development Director, Grosvenor Britain & Ireland, said: “We are delighted to have Redrow on board and to see Barton Park evolve. Grosvenor’s joint venture with Oxford City Council is delivering a significant new neighbourhood with vital new homes and infrastructure.
“The country’s housing shortage is threatening our ability to provide homes for the next generation. We must respond not just with more housing units, but great places that are home to people of mixed incomes, backgrounds and life stages. Closer, more creative collaboration will be required and our joint venture with Oxford City Council offers a good model for that partnership.”
Cllr Mike Rowley, Oxford City Council’s Board Member for Housing, said: "It's great to see Redrow appointed to begin building the next phase of the extension to the Barton estate, after a rigorous selection process to make sure we continue to deliver high-quality homes. This brings us closer to our aim of a united, mixed Barton community with shared facilities and genuinely affordable homes for those who need them."
Edward Irving, Land Director for Redrow Homes (South Midlands), said: “Barton Park is one of the most significant developments in Oxford for decades, presenting a rare opportunity to build in the city. We were keen to be involved in such a landmark scheme and have been working very closely with Grosvenor and Oxford City Council to progress our vision for part of the site.
“The location is perfect for new homes, close to the A40, a 20 minute cycle ride from the city centre and within easy reach of the new Oxford Parkway railway station which offers direct services to London Marylebone.
“This is exactly the type of project that Redrow wants to be part of. Redrow is committed to creating communities, not just building homes, and factors such as an abundance of open space and the presence of a school ranked highly in our own research report last year, ‘Creating Britain’s new communities’”.
For more information contact:
Rachel Garstang, Head of Media Relations
Grosvenor Britain & Ireland
Notes to Editors
Grosvenor, one of the world’s largest private international property groups, works in some of most dynamic cities around the globe. We are guided by our ‘Living cities’ philosophy; we strive to create, manage and invest in properties and places that contribute to the enduring success of the cities in which we work.
With 300 years’ experience as steward of our London estate, we believe we can help cities grow and evolve in ways that are socially, economically and environmentally sustainable. We aim to make a long term contribution to these cities’ future success by using creative design, high quality building materials and innovative environmental solutions in our development projects, and through intelligent management of our property assets. In doing so, we strive to create places in which people will want to live, work and enjoy their free time.
By taking a long term approach, we are able to combine our global expertise with local knowledge and cultural understanding. We want our projects to reflect the spirit of the individual city and to foster thriving communities. We work closely with local communities, businesses and civic authorities, and with our partners, consultants and other developers to achieve this.
Today we have 17 offices in 11 countries and assets in 17 countries. We have regional investment and development businesses in Britain & Ireland, the Americas and Asia Pacific, and will soon launch a fourth, Grosvenor Europe, on 1 July 2016. We also have indirect investments, managed centrally. As at 31 December 2015, the Group had total assets under management of £13.1bn.
Unusually for a private company, Grosvenor publishes a detailed reporting suite - Annual Review, Financial Statements and a Non-Financial Data Report – all available at: www.grosvenor.com @GrosvenorGRP
Grosvenor Britain & Ireland
Grosvenor Britain & Ireland creates and manages high-quality neighbourhoods across the UK and Ireland. The company’s diverse property development, management and investment portfolio includes Grosvenor’s London estate, comprising 300 acres of Mayfair and Belgravia, in which it has a £1bn planned investment programme. Other developments include elsewhere in London and Oxford, Cambridge, Edinburgh and Southampton. As at 31 December 2015, Grosvenor Britain & Ireland had £5.7bn of assets under management.
Grosvenor Britain & Ireland is part of Grosvenor Group, a privately owned property group active in some of the world’s most dynamic cities. www.grosvenor.com @Grosvenor_GBI
Grosvenor Europe invests, develops, operates and manages real estate assets and funds, with a focus on six European cities: Paris, Lyon, Stockholm, Madrid, Milan and Liverpool. We specialise in mixed-use property, with strong expertise in retail and leisure and adopt a long-term, value-add approach. We work closely with our international partners, utilising the knowledge of our local teams to provide access to local European markets. We strive to bring our ‘Living cities’ philosophy to life, creating places that are economically, socially and environmentally sustainable.
Previously known as Grosvenor Fund Management, as at 31 December 2015 we managed £3.5bn / €4bn of assets, including a portfolio of historical buildings in the heart of Lyon’s city centre in France, Liverpool ONE in the UK and Skärholmen Centrum shopping centre in Stockholm. www.grosvenor.com @GrosvenorEurope