This stage of the development will see a considerable housing boost for the local area and is due to be finalised in six years’ time with an estimated worth of in excess of £100 million.
As well as providing 375 new homes, the project will deliver vital infrastructure improvements, educational and retail facilities, and a stadium sited between Leamington Spa and the M40.
A further 735 homes will be created in the area as part of a wider scheme, north of Gallows Hill. The construction of a spine road by Galliford Try Partnerships will link this development to Europa Way itself and will also carry all utilities to the development.
Caroline Irvine, head of commercial property in the Stratford office of Shakespeare Martineau, said: “We have collaborated with Galliford Try Partnerships on several pieces of work over the last few years. Europa Way is the latest project we have been involved in with the company and it is a great local scheme to be part of.
“There have been a few obstacles to overcome, but through working with Galliford Try Partnerships, the local authority and other third parties, the project is ready to begin. It will provide a significant boost to housing and infrastructure, benefitting the local area greatly. Over the next few months, we’ll be watching the scheme unfold, and are sure it will be an important addition to Warwick and Leamington Spa.”
Darren Bale, regional director, West Midlands, at Galliford Try Partnerships, said: “Working with Shakespeare Martineau again has been a pleasure. This is a high-quality project and a huge development opportunity for us in Leamington Spa. It will contribute significantly to the new build housing market in the local area, bringing about much-needed housing.”
For more information, please contact Caroline Irvine, or another member of the commercial property team.