Henry Davidson Developments (HDD) has acquired a Buckinghamshire site for development of homes and other facilities ideally located for London commuters, the company announced today.

HDD managing director Scott Davidson said the firm has acquired the 1 acre site, at Haddenham, unconditionally from Lands Improvement Holdings (LIH), with bridge funding from Falco Capital.

Subject to planning consent, HDD plans to develop the site to provide 17 high quality two-bedroom apartments, a Co-op convenience store, and a Bright Horizons Nursery and Preschool.

The site forms part of a 158-acre (64-hectare) mixed-use development by LIH, which is set to deliver up to 233 new homes (including affordable housing) for the Buckinghamshire village. The plans, which were approved by Aylesbury Vale District Council in 2015, also include a 12-acre (5-hectare) extension to the existing Haddenham Business Park, a new community pavilion and sports pitches, open space and a 64-bedroom care home, to be operated by Majesticare Luxury Care Homes

Scott said: “We’re an ambitious company and we’ve got a pipeline of exciting developments right across the country. We have acquired the Haddenham site unconditionally which demonstrates that we are confident we can deliver a high quality development that addresses the needs of local people.

“Being so near to Haddenham & Thame Parkway train station, the homes will be very attractive to commuters who will be well served by regular trains into London’s Marylebone. It is ideally located on the Buckinghamshire and Oxfordshire border.”

James Stone, Managing Director at Lands Improvement, said: “This is another major step forward in the sustainable, mixed-used regeneration of our site at Haddenham. HDD have a proven track record of developing similar schemes and the new retail and nursery facilities they will deliver will benefit the existing Haddenham community, as well as the new residents and businesses our development is attracting to the area.”

A planning application will be submitted shortly. Subject to planning, HDD expects to start on site at the end of Q3 2018, with practical completion in Q3 2019. Scott added: “The site benefits from an existing planning consent and we are keen to get construction underway before the end of the year.”

Leading hotel chain Premier Inn has today been confirmed as the first occupier of a £15 million development in Kent in a pre-let agreement with Henry David Developments (HDD).

The announcement comes shortly after HDD revealed it had exchanged contracts to acquire three plots of land for development south of the historic market town of Faversham.

Subject to planning consent, the Ashford Road development will include a small foodstore an 84-bedroom Premier Inn hotel, and a 66-bedroom high-quality care home for the elderly.

Dozens of jobs for local people will be created during construction and at the new facilities once the project is completed. The Premier Inn alone is expected to create approximately 32 new jobs once open and trading. HDD hopes to start on site in Q4 this year, with practical completion expected in late 2019.

HDD has exchanged contracts to acquire the land from Hallam Land Management, part of the Henry Boot Group and Vendors FK Kemsley & Sons Ltd, who were jointly advised by Strutt & Parker.

The site is adjacent to a residential development being delivered by national house builder Barratt Homes. They are due to start building the first of 310 new homes later this year.

Project director Kevin Foster said: “To have secured a pre-let agreement with Whitbread for a new Premier Inn at this very early stage of the development clearly demonstrates its enormous appeal. We have taken an important step forward towards delivering first class new facilities for the people of Faversham and surrounding area.

“We are in the process of agreeing two further pre-lets with highly respected companies who will provide a foodstore and care home, giving this historic market town an enormous boost alongside the new homes being built nearby.”

Derek Griffin, Head of Acquisitions – London and South & East England at Whitbread, said: “This is another excellent location for our guests and adds to our growing Premier Inn national network.  We want to bring our investment and commitment to making this development a great success and are really looking forward to coming to Faversham as part of this exciting scheme.”