Grainger, the quoted residential property company, has got the go ahead for its Newlands Common scheme in Hampshire.
The residential led mixed-use development, west of Waterlooville in south Hampshire, will include 10.7m sq ft of commercial development and 1,550 homes on a 326 acre site.
Grainger has completed the section 106 agreement for the scheme which will comprise 40% affordable housing and a mix of shared equity and social rented housing in line with current government guidelines.
Grainger owns adjoining land which has been identified by the local authority as potentially suitable for an additional 1,000 proposed homes.
Infrastructure works will start soon with the first sales due in the autumn.
Rupert Dickinson, chief executive of Grainger, said: ‘Securing full planning permission on this key scheme is a milestone.
'Through working closely with the various statutory authorities, local stakeholders and our project partners, we believe that we have designed a fully integrated solution that will meet the needs of the local community.’