Housebuilder buys 77 acres in the north of the city for £59m, to be developed over 10 years.

Housebuilder Redrow is planning to build 1250 homes in Bristol after buying 77-acre in the north of the city for £59m.

The site will be developed over 10 years and, as well as housing, will contain 7000 m2 of commercial space.

Redrow expects to start on site in 2007, with the first completions in 2009. The housebuilder bought the land from technology giant Hewlett Packard.

Redrow chief executive Neil Fitzsimmons said: 'We are delighted to have secured this significant opportunity in such a prime market as Bristol which further demonstrates our capacity to undertake major land transactions in line with our strategy of promoting mixed use sustainable development.