Southampton: CBRE completes 220-acre landmark deal in Littlehampton
International property consultant CBRE, working alongside Burton Property on behalf of Greencore Group plc and other landowners, has completed the sale of 220 acres in Littlehampton for a new major mixed-use development.
Known as Hampton Park, the site has been acquired by Persimmon Homes, the UK’s leading house builder. It will comprise a major northerly extension of the town and was granted outline planning permission two years ago. The site currently accommodates almost 500,000 sq m of glasshouses and numerous other commercial units.
The current planning consent permits the development of over 1,200 new homes, up to 20% of which will be affordable housing, together with in excess of 13,000 sq m of retail, commercial, community and leisure uses as well as major highway upgrades including the construction of the southerly part of the Lyminster bypass. Persimmon Homes will shortly submit a Reserve Matters Application to Arun District Council for the first phase of the development.
Commenting on the sale, CBRE senior director Mark Budden said: “This project has been many years in the making and Persimmon Homes’ purchase will now enable the development to commence. There has been much local support for this landmark site which will bring essential new road infrastructure and inward investment to the town. The vision for the scheme was provided by Burton Property and Greencore Group, whose tenacity and skill enabled the scheme to become a reality. We were delighted to assist in arranging a sale of this complex site to Persimmon Homes who will make an ideal delivery partner.
“Hampton Park will also bring many additional economic development benefits to Littlehampton with the Masterplan currently allowing for a range of commercial development that could bring hundreds of new jobs to the area."
