EXECUTIVE SUMMARY

Strategically located to provide easy access for the 3,000 new homes at Glenvale Park as well as the adjacent 4,300 existing houses. Located in a thriving growth region with excellent road and rail connectivity. Regular train services to London in c. 45 minutes and easy access to the regional road network. Initial serviced residential land parcels providing 1,350 new homes either sold or under offer to housebuilders including Barratt Homes, Persimmon Homes and Taylor Wimpey. Local Centre anchored by the Co- Op to open 2021. A mix of retail, leisure and business units ranging from 1,000 sq ft to 30,000 sq ft available to let. 66-bed Care Home sold to LNT to open in 2021. New Primary School, Nursery and Community Centre to open in 2022.

LOCAL CENTRE

The Glenvale Park Local Centre is ideally located at the principal gateway access to Glenvale Park from Wellingborough’s main orbital road, Niort Way. The Centre has a contemporary feel and the design incorporates a mix of buildings situated around a large urban square and has an over provision of car and cycle parking. It is strategically located to provide easy access for the 3,000 new homes at Glenvale Park as well as the adjacent 4,300 existing houses. The approved layout has provision for the following uses:

• 5,000 sq ft Supermarket / PRE-LET – CO-OP
• 6,000 sq ft 1st floor space (above the supermarket) suitable for retail, leisure or office use / PRE-LET – SERVICED OFFICE PROVIDER
• 1,800 sq ft standalone A3 retail unit / PRE-LET
• Terrace of retail units from 1,000 sf to 5,000 sq ft / TWO UNITS REMAIN
• 67-bed Care Home (Sold to LNT)
• c. 40 homes sold to Lagan Homes
• Standalone parcel for up to 30,000 sq ft of Business / Leisure use (Offices / Pub / Hotel)
• Attractive Public Realm including Urban Square

DEVELOPMENT PROGRESS & TIMELINE

The Glenvale Park urban extension is on the northern fringe of Wellingborough. The planning permission was granted for the delivery of up to 3,000 new homes along with extensive community facilities and commercial space over 3 phases with distinct character areas.
The masterplan is set in approximately 700 acres of mature countryside and the development will be sensitively integrated within this context. The scheme also benefits from the strong existing amenities and infrastructure of Wellingborough which will be further enhanced as part of the development and the wider growth plans for the region. The scheme provides the opportunity to be part of an exciting new community within a prosperous growth region.

• • Q1 2020: Phase 1 Infrastructure Completed
  • Q2 2020: Taylor Wimpey, Barratt Homes and Lagan Homes Commenced Housing Development
  • Q1 2021: Keepmoat Homes & Persimmon Homes commenced Housing Development
  • Q3 2022: Local Centre Opens
  • Q3 2022: Primary School & Community Hub Opens
  • Q4 2025: Phase 1 (1,500 new homes) Completes

WELLINGBOROUGH

Wellingborough has all the key fundamentals and is well placed to accommodate growth. It is well served by road and rail, and a varied retail centre, local health services, further education provision, and a full range of leisure and recreation facilities. It is also an increasingly popular commuter destination, with a regular rail service into St Pancras in as little as 45 minutes.

Wellingborough’s status as a commuter destination has increasing relevance with the comprehensive redevelopment of the St Pancras / Kings Cross area and its transformation into a hub of employment, education, cultural and leisure activity. Situated just over ten minutes from Wellingborough station, the Glenvale Park scheme is well placed to take advantage of the London commuter spill, particularly in the context of affordability constraints within the capital itself.

Wellingborough is a market town, with a population of around 80,000 (2018). This is expected to increase by 4.8% by 2027, a rate broadly in-line with regional expectations, and which will equate to an additional 3,813 living in the borough over the same period. Household growth is expected to outstrip population growth, at 7.5% over the next ten years, which will put further pressure on local housing stock.

Wellingborough is home to nearly 3,000 businesses, including the Head Offices of Booker and Whitworths, as well as household names such as Monsoon, Open University and Budgens. Investors in the town include Axa Sunlife, Unilever, Standard life, British Airways Pension Fund, Aviva and many more. Development of the towns employment base continues with a number of significant sites now coming forward for commercial development bringing with them new opportunities for employment and giving the town a strong and balanced mixed-use foundation when combined with the release of land for residential development.