Cala Homes has sold a £55m GDV residential development site at Coxbridge Farm, Farnham, Surrey, to BRiCS.
The 8.3-acre greenfield site is located on the western edge of Farnham and benefits from detailed planning permission for 70 residential units.
BRiCS intends to commence construction of the two-, three- and four-bedroom homes in early 2026.
Edward Vass, senior land manager at Cala, said: “We are pleased to have agreed the sale of part of the site at Coxbridge Farm to BRiCS. This carefully planned scheme will offer a balanced mix of new homes and bring broader benefits to the local community, including public open space, children’s play areas, and improved pedestrian and transport links. BRiCS’ commitment to delivering a high-quality product will complement our own, contributing to a cohesive and well-integrated development.”
Andrew North, director at BRiCS, added: “We are delighted to have acquired this exceptional development site in Farnham. Its prime location, combined with the planning certainty provided by the detailed consent, created an ideal platform for us to deliver high-quality residential accommodation in one of Surrey’s most sought-after markets”.
Tim Traynor, partner in regional development land at Knight Frank, which acted for Cala on the sale, said: “This transaction demonstrates the continued strong appetite for quality residential development sites in prime locations. There is continued institutional and developer confidence in the Home Counties residential market, particularly for sites with excellent transport links to London and other major regional centres.
“Farnham’s combination of historic charm and proximity to Aldershot, Farnborough and Guildford providing ample leisure amenities and schools, made this an extremely attractive proposition. The detailed planning permission was a real selling point, as it provided reassurance for the incoming developer to progress with their proposals.”
