DIO appoints Crest Nicholson as Development Manager for Arborfield Garrison Re-development
The Defence Infrastructure Organisation (DIO), the Ministry of Defence’s (MOD) property and services provider has selected Crest Nicholson as its Development Manager for the redevelopment of Arborfield Garrison.
Located in Berkshire, the site offers a unique opportunity to deliver a high-quality sustainable development of some 2,000 new homes, associated supporting uses and major infrastructure.
DIO previously signed a Collaboration Agreement with two adjoining landowners to deliver one of the most significant residential-led development opportunities in the South East of England.
Gavin Marshall, Assistant Head of Commercial at DIO, said:
“DIO’s priority is to support our Armed Forces as they prepare for operations by providing the facilities they need to do their job. We’re committed to ensuring the military estate is no larger than necessary and provides taxpayers with value for money.
“We are delighted to appoint Crest Nicholson as Development Manager on this major redevelopment project, which has the potential to create much-needed housing in south-east England to the benefit of people living in the region.”
Crest Nicholson will work closely with DIO to fund, manage and lead the development – achieving maximum value for taxpayers from the sale, in return for a share of the net proceeds.
Subject to further agreement, Crest Nicholson will also progress the current planning position, provide strategic advice and leadership on the site development and manage the disposal process. The company will also construct some or all of the development’s commercial aspects and will build some of the residential accommodation.
Scott Black, Group New Business Director at Crest Nicholson, comments:
"The transformation of the Arborfield Garrison into a thriving new community will be one of the most significant developments in the Country. With an estimated Gross Development Value of £600m, the project will deliver 2,000 much needed homes and supporting infrastructure.
“Crest Nicholson plans to deliver around 700 of the new homes and associated facilities and bring in other house builders to deliver 1300 homes. Key to the success of the project will be partnership working and building a positive consensus not only with the DIO but with other landowners, Local Authorities, and key stakeholders."
"Our selection by the DIO to lead this important development further underscores Crest's reputation as a partner of choice in designing and delivering high-quality sustainable communities. At this critical stage in the economic recovery, we are very pleased to help generate local jobs, deliver economic growth and meet the pent up demand for quality new homes."
GVA provided Commercial and Planning support to the DIO.
Steve Taylor Director at GVA comments:
“This is another successful example of the DIO Development Manager procurement model, where a high quality partner is chosen following a competitive and transparent selection process.”
Ends
Further information:
Press enquiries to Tony Moran, Senior Communications Officer 0121 311 3879 or email tony.moran572@mod.uk
DIO website: www.gov.uk/dio
Notes to Editors
The Defence Infrastructure Organisation (DIO) is part of the MOD. We are responsible for managing and maintaining land and properties, as well as providing related support services, to meet the current and future needs of the MOD and personnel at home and abroad, and to support current operations.
Our work includes providing, supporting and improving: operational units; single living and service family accommodation; training areas and historic military sites. DIO actively manages these and supporting services, such as soft facilities management and guarding, to ensure the needs of Defence are met, value for money is achieved, heritage protected and environmental goals achieved.
About Crest Nicholson
Crest Nicholson is firmly established as a leading developer with a passion for not only building homes, but also for creating vibrant sustainable communities. The Company’s track record over 50 years shows a demonstrable commitment to delivering innovative, design led, residential developments and large scale, mixed use, urban regeneration solutions. Its on-going emphasis on environmentally responsible housing and commitment to deliver truly low carbon sustainable schemes is evident by an ever increasing development portfolio. Crest Nicholson was proudly awarded the Queens Award for Enterprise in the Sustainable development category in 2007. The 5 year accolade is proof of a continued commitment to producing high quality developments that champion the very best principles in sustainability and design.
The Group is also proud to hold more CABE Building for Life Gold Standards than any other developer and it remains a consistent top performer in the Next Generation industry benchmark. Visit www.crestnicholson.com
Contact Kerri Moore, Grayling (on behalf of Crest Nicholson) 020 7932 1854
Email: kerri.moore@grayling.com
GVA
GVA is the UK's largest independent commercial property consultant. The company operates from 12 offices with 700 fee earners generating a turnover of £115 million year ending 30 April 2011.
The company provides a full range of property-related advisory led services including office, industrial and retail agency, planning, development and regeneration, rating, building consultancy, investment, property and facilities management, valuation, corporate recovery and leisure property consultancy.
GVA also offers specialist advice in areas such as finance, economic & social policy, telecomms, education, healthcare, retail, sustainability, contamination, plant and machinery and the automotive and roadside sectors.
For further information visit www.gva.co.uk
GVA is a founding member of GVA Worldwide, an international organisation of real estate industry leaders serving 85 key markets in over 25 countries worldwide. For more information visit www.gvaworldwide.com
Edward Dewar, National PR Manager on 020 7911 2664
Email: edward.dewar@gva.co.uk
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