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Bewley completes on 190-unit site in Faringdon, Oxfordshire

14 May 2020

Bewley Homes has completed on a 20-acre site in Faringdon, Oxfordshire as part of the company’s growth strategy to expand its geographic reach into the west of the county.

 

The 190-unit development will accommodate 35 per cent affordable and includes 2,3, 4 and 5 bedroom private homes that will be built in the style of the company’s new Garden Village Collection.

 

The site was purchased with the benefit of outline consent. Bewley Homes has now submitted reserve matters and hopeful of a committee date in the summer before commencing construction works.

 

Andrew Brooks, managing director at Bewley Homes, said: “It’s an excellent site and demonstrates Bewley Homes’ intent to expand our geographical reach into west Oxfordshire.

 

“We have been very active in the land department over the lockdown period doing land deals that other housebuilders have passed up. We can make a decision very quickly on sites which is just one of the advantages of working with Bewley.”

 

Andrew added: “This site originally came to us with a small window of opportunity when the previous party was not performing. But with the professionalism of our team and expert external legal and technical advice, we were able to complete the due diligence within 12 hours, exchanging contracts late in the evening following a whole day’s meeting.

“This wasn’t an easy transaction – it included advisors from Bewley, two landowners, a charity and a promoter. I remember saying as we walked into the room: ‘We are not leaving this room until we’ve all signed. There’s no reason we can’t overcome any issues and find a way through’. And we did.

“A contractual completion has now been delivered underpinning a great team effort despite the issues arising from the lockdown.”

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