Defence Infrastructure Organisation picks JV for 2,100-home scheme in Gloucestershire
Vinci and St. Modwen have been appointed by the Defence Infrastructure Organisation as development managers for a 2,100-home scheme at the MOD’s Ashchurch site in Gloucestershire.
The 50/50 joint venture between Vinci and St Modwen will oversee the construction of the homes on six hectares of land at Ashchurch, including providing strategic advice and leadership, on-site development and managing the disposal process.
The JV will also be given the opportunity to construct some or all of the developments’ commercial aspects and is expected to build some of the residential accommodation.
Mark Hirst, Defence Infrastructure Organisation (DIO) development manager, said: “DIO is delighted to appoint Vinci St.Modwen as development manager on this major redevelopment project.
“Our purpose is ensure the right buildings are in the right place to support our Armed Forces and that the military estate is no larger than required to meet defence needs.
“By redeveloping land which is no longer required by the Ministry of Defence we not only realise value for money for the taxpayer, but also provide space for homes and businesses which benefit communities.”
Ben Cook, residential land director, St. Modwen, said: “MOD Ashchurch complements St.Modwen’s expertise in regeneration and our ability to think long-term and innovatively to extract the best value from large-scale sites with previous uses.
“We are looking forward to working closely in partnership with the Defence Infrastructure Organisation and transforming this 200 acre site from its present use into a greener, sustainable, mixed-use community that will bring benefits to both the local and broader Gloucestershire economy and leave a positive legacy for the area and future generations to enjoy.”