Elivia Homes Central has acquired the Headley Court residential development in Surrey from Vistry Group for an undisclosed price.
The scheme, which is located in Headley, will comprise 62 two-, three- and four-bedroom properties alongside eight affordable homes.
The site was used as a rehabilitation centre for injured members of the British Armed Forces until 2018, before it was sold by the MoD.
Steve Brownlie, land director at Elivia Homes Central, said: “We are thrilled to have exchanged contracts at this extraordinary location in Surrey. Our sensitive approach means we are well-placed to deliver a high-quality scheme which is in keeping with the local area and community. We plan to provide much-needed new homes which are highly efficient, incorporate green energy solutions and are sympathetic to the environment.”
Amy Savage, land and planning director at Vistry Group, added: “It has been a pleasure working with Elivia Homes and Knight Frank to bring this deal to a successful conclusion. Vistry Group very much look forward to seeing Elivia bring the planning consent obtained to life and we are proud of the high quality scheme that will be delivered.”
Tim Traynor, partner in the development land team at Knight Frank, said: “We’re very pleased to have secured the sale of this exceptional site to Elivia Homes on behalf of our client, Vistry Group. We look forward to seeing Elivia’s design-led approach come to life, creating an excellent place to live and a new community.
“This part of Surrey continues to be an extremely desirable location for investment and coupled with the need to deliver high-quality new homes, it was clear that Headley Court brought a rare offering to the market. This transaction further demonstrates the strong demand for immediate land opportunities across the south east, as housing providers remain focused on prime and environmental credentials.”
Construction is set to commence in autumn 2024, with the first homes released for sale in autumn 2025.
