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Cambridge East acquisition set to deliver 9,000 jobs

Cambridge Growth Company, part of Homes England, will work with Hill to deliver more than 10,000 homes and 9,000 jobs.

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Cambridge East acquisition set to deliver 9,000 jobs
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Homes England and The Hill Group have acquired Cambridge East from Marshall Group, a 700-acre site including Cambridge City Airport. 

Cambridge Growth Company, part of Homes England, will work with Hill to deliver more than 10,000 homes, 9,000 jobs and 3 million sq. ft. of commercial space.

Plans include new schools, healthcare facilities, public green spaces and improved transport links. 

There are also options for a regional training hub to develop local skills and careers in construction.

Housing Secretary Steve Reed said: “Cambridge East will become exactly the type of new community this country is crying out for – thousands of new homes to help people get a foot on the housing ladder, backed up with good jobs, modern transport links and beautiful green spaces.

“It is a great example of how this government is committed to ending the cycle of homes coming first and services catching up years later.”

Amy Rees, CEO of Homes England, said: “This is a fantastic example of how public and private sector collaboration can bring forward much-needed new homes, helping to create a new sustainable community that delivers real opportunities and long-term benefits for local people. 

“A core part of our role is unlocking the potential of places, supporting them to become thriving communities and accelerating locally led plans for housing and regeneration. 

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“This ambition has underpinned the collaboration between Hill and Homes England, and I am delighted by news of this acquisition.”

Andy Hill, founder and CEO of The Hill Group, said: “We are immensely proud to be collaborating with Homes England as the master developer of Cambridge East – one of the UK’s largest urban extensions. 

“Cambridge is my home city, and this project reflects both my personal interest and Hill’s long-term commitment to the region.

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“Cambridge East is a unique opportunity to create a thriving, sustainable new neighbourhood.”

Hill added: “We will make sure the masterplan for this site is informed by local residents and delivers what the community wants – much-needed infrastructure improvements, amenities, new homes and employment creation, while setting a new benchmark for placemaking.”

Roger Hardy, chair of Marshall Group, said: “We are delighted to have secured a bright future for Cambridge East through its sale to Homes England and Hill, two organisations with outstanding track records of delivering high-quality, award-winning developments in Cambridge and across the UK.

“Marshall is a family-owned business with roots in Cambridge dating back to 1909, and we care deeply about the city and its future. 

“Following careful, long-term consideration supported by Savills, we have passed the mantle for this development to partners best placed to ensure the site thrives.”

Peter Freeman, chair of Cambridge Growth Company, said: “Cambridge East is a once in a generation opportunity to transform a site that has played an important role in Cambridge’s history into a truly exceptional new neighbourhood for the city and generations to come.

“We are delighted that Homes England and The Hill Group have taken this important step forward. 

“This is a hugely significant project for Cambridge, and we look forward to continuing to work with partners to support its successful delivery in the years ahead.”

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