BARRATT Homes will build the next three phases of a Finchampstead housing development.
Cala Homes has sold the rights to build 135 homes in phases 7, 8 and 9 of Finchamwood Park, next to Arborfield Green, to the developer. In all, the development will add 1,500 homes to the borough, with some already built.
The parcels of land are now under the ownership of Barratt Southern Counties, which has submitted the reserved matters application for over 200 homes.
Funds from the sale will be used by Cala Homes (Thames) to invest in its continued growth and land acquisition across the Thames region.
The company says it is seeking immediate and strategic land opportunities, with particular interest in Hampshire, Dorset, Surrey, Berkshire and Wilshire.
Freddie Webber, land director at Cala Homes (Thames), said: “We have ambitious plans to significantly increase the number of homes we’re delivering across the Thames region, and this sale will support our targets.
“Cala and Barratt Homes have established a strong, positive relationship working on this deal at our Finchwood Park site.
“The delivery of the three parcels of land at Finchampstead is a testament to the Cala and Barratt relationship.”
He added: “Thanks to this sale, much-needed homes will be delivered for local people across a growing consortium of housebuilders.”
And Kimberley Benson, sales and marketing director for Barratt Southern Counties, said the company was looking forward to delivering the homes, which she said would be high-quality.
“There is a strong appetite for new homes in Wokingham and its rural surrounds, as buyers seek excellent schools, local amenities, and a beautiful countryside setting with fast travel connections,” she added.
“Finchwood Park will help to meet demand from local buyers, whilst providing outstanding facilities for the local community.”
