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Gloucestershire Business News

Development partner named for Golden Valley Development

St Modwen has been named as a development partner for part of Cheltenham's Golden Valley Development.

Midlands Land Portfolio, the property development arm of Severn Trent, has chosen St Modwen as its partner for a largely residential part of the 154-acre site.

The mixed-use development alongside GCHQ includes around 3,000 new homes and the mixed-use Cyber Central cluster - on land largely owned by Cheltenham Borough Council - which will include leading businesses and innovators alongside academic facilities.

The development, which was awarded Garden Community status by Homes England last year, will also see significant infrastructure improvements.

St Modwen managing director of strategic land and regeneration Guy Gusterson said: "The West Cheltenham development presents a unique opportunity to shape and deliver a new community next to a globally recognised hub for cyber security.

The development team and I are excited to work in partnership with Midlands Land Portfolio on this regionally significant development which will deliver much-needed housing as well as jobs."

He continued: "We will work with local stakeholders to deliver a diverse new community where new homes will sit amongst green shared spaces as we deliver a vibrant, sustainable and richly deserving scheme.

"Our unique approach and ability to deliver new developments with a focus on placemaking will again be demonstrated at West Cheltenham."

A planning application could be brought forward by the end of the year and will include new homes as well as formal and informal green space and community assets designed to complement the development of the cyber-related employment uses.

Severn Trent head of property development Julie Rossiter said: "We are delighted to be working alongside St. Modwen to take this project to the next stage.

"We are confident that by bringing St Modwen's expertise to this scheme that together, alongside the other major stakeholders involved, we will help to realise the vision for the Golden Valley Development.

"This regionally and nationally significant development will be bringing much-needed new jobs and sustainable housing to the area. We are particularly pleased we are able to recycle our redundant land assets for the benefit of the communities in which we operate."

Cheltenham Borough Council is due to appoint a development partner for its section of the development in the summer.

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