Jaynic has entered into a land promotion agreement with a landowner on a substantial site located on Rougham Hill in Bury St Edmunds, Suffolk.
The 270-acre site lies on the south side of the A14 adjacent to Abbots Vale, a scheme that obtained planning consent in 2020 for 1,250 dwellings together with community facilities including a new primary school.
The entire site has been identified in the West Suffolk Local Plan (Regulation 18) Preferred Options, in anticipation of a significant new residential-led mixed use scheme. Early site assessment indicates a capacity in excess of 1,440 new dwellings, together with associated facilities and employment opportunities. West Suffolk Council are due to adopt a new Local Plan in July 2024 and the scheme is likely to be delivered over this and subsequent Local Plan periods.
Jaynic is an established property company focusing on land promotion and business space development in the south and east of England. The company has a strong track record in the promotion of land through the planning process and, thereafter, the delivery of high quality, sustainable and efficient development.
Recent residential projects include planning permissions secured for a 125-home scheme at Red Lodge on the A11, sold to Barratt Eastern Counties, permission on appeal for up to 155 homes in Haverhill, sold to Taylor Wimpey (East Anglia) and the sale of a 183-dwelling site at Seaford in East Sussex to Bellway Homes.
Recent commercial projects include Suffolk Park, Bury St Edmunds, where it has developed 1.6m sq ft of business space and has just submitted a reserved matters application for two warehouse units to complete the development. Jaynic is appointed by Mid-Suffolk Council on its Gateway 14 site at Stowmarket to manage the development of up to 2.36m sq ft of business, innovation and logistics space including a 1.17m sq ft distribution hub for The Range, subject to planning.
For more information: www.jaynic.co.uk