Grainger Achieves Planning Permission For Major Hampshire Mixed-Use Scheme

Grainger is pleased to announce that it has achieved planning permission for Newlands Common, its major residential led mixed-use development, located west of Waterlooville in South Hampshire.

Grainger has completed the S.106 Agreement for the scheme, which will initially provide 1,550 new homes and 100,000 sqm of commercial space on the 132 ha site. 40% of the new homes will be affordable, a balanced mix of shared equity and social rented, in line with current government guidelines. Grainger owns adjoining land which has been identified by the Local Authorities as potentially suitable for an additional 1,000 future dwellings.

This is a long term project that has been designed as an exemplar sustainable urban extension. Infrastructure works will commence shortly with the first land sales or housing starts due in the Autumn. Grainger will update the market with additional details on the project phasing in due course.

Rupert Dickinson, Chief Executive of Grainger, commented:

“Securing full planning permission on this key scheme is a very exciting milestone. Through working closely with the various statutory authorities, local stakeholders and our project partners, we believe that we have designed a fully integrated solution that will meet the needs of the local community, whilst positioning us well to create and deliver shareholder value.

For further information:

Grainger plc:
Rupert Dickinson Tel: +44 (0) 20 7795 4700
Andrew Cunningham Tel: +44 (0) 191 261 1819

Financial Dynamics:
Stephanie Highett Tel: +44 (0) 20 7831 3113
Dido Laurimore
Jamie Robertson