Hopkins Homes bags first phase of Alconbury development in Cambridgeshire
Urban & Civic has appointed Hopkins Homes as its first housebuilder on the mammoth 5,000-home Alconbury development in Cambridgeshire.
Hopkins Homes will deliver the first 128 homes of phase one at the development, in a profit sharing agreement with Urban & Civic.
The appointment enables Urban & Civic to make an 鈥渆arly start鈥� on Alconbury, with infrastructure works for the first phase now already underway.
The overall Alconbury scheme will transform a former RAF airfield into a huge new community, also featuring an enterprise zone and a heritage museum.
The appointment comes as Urban & Civic announced a pre-tax profit of 拢6m for the year to March 2015.
The firm has now secured interests in 25,000 residential plots in areas of strong housing demand, including 2,600 plots acquired with the takeover of Midlands housebuilder Catesby Property Group earlier this year.
Union & Civic executive chairman Nigel Hugill said: 鈥淲e have been able to create a powerful delivery machine with a strong regional project base, just as we envisaged on coming to market last May [鈥
鈥淎ltogether, this is early cycle for us: having assembled core holdings in high employment areas where improving real incomes, supported by Help to Buy, saw the Conservatives recently register some of their strongest gains.鈥�
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