Willmott Dixon helps residential development project
Willmott Dixon has followed up its recent deal to cross-fund Brentford FC’s new stadium by developing 1,000 homes with a similar arrangement that will allow a Hertfordshire school to build much needed new facilities.
The company was chosen by Cornerstone for a deal with Cheshunt School to cross-fund a range of enhancements by developing 88 homes within the school site in Broxbourne, subject to the necessary planning consents.
The homes will be created by Prime Place, Willmott Dixon’s private sale brand, and provide a mix of apartments and a range of family homes of up to four bedrooms.
Proceeds raised by the housing development will be used to enhance the school with modern facilities such as a new technology block providing better accommodation to teach science, design & technology, creative arts and ICT.
The school will also have a remodelled main classroom block to create a new entrance lobby, staircases and new circulation route, plus an updated admin block to link with the new technology facility.
The additional scope includes improving the sports fields with new changing facilities, while a second phase will see the provision of a new school and community sports hall with dedicated entrance and parking.
It’s another example of how Willmott Dixon’s development model is delivering new public facilities at no cost to the taxpayer. The company is also working with Westminster City Council to create two new leisure facilities at no cost to the council by cross-funding them with over 100 new homes.