A joint venture partnership between the Group and Crest Nicholson
is set to deliver 232 two, three, four and five bedroom eco-homes over the 25-acre Elmsbrook
site. 30% of these will be reserved for affordable housing while the remaining homes will be available for private ownership.
Built to the highest specifications, the current development provides customers with eco-efficient properties and sustainable community living. The new homes will benefit from rain water harvesting systems, electric car charging and an electric car club, and will also be heated by a district heating network connecting to a CHP (combined heat and power) energy centre. The centre generates electricity that goes to the grid and ensures that the development provides more energy than it uses.
Nick Hutchings, Executive Director (Commercial) at the Group, commented: “We’re looking forward to working with Crest Nicholson to expand on the work we’ve done at Elmsbrook. We’re committed to developing homes that not only allow residents to enjoy sustainable living but that also prioritise high quality design innovation. Our collaborative and forward-thinking approach will be key to offering sustainable living and greener futures.”
Chris Tinker, Board Director at Crest Nicholson, said: “The project is a long-term strategic partnership and we look forward to working closely with the A2Dominion Group, Cherwell District Council and key local stakeholders to ensure a smooth delivery on site. This £80m joint venture project will create much needed new homes and community space for the Bicester region, as well as new jobs to boost the local economy.”
Construction of the new homes is due to begin on-site in spring 2018, with the first residents moving in by spring / summer 2019. In total, the joint venture project is estimated to last four years, with a final completion date of spring / summer 2022.
Learn more about Elmsbrook here