Homes England has announced a £250 million master developer joint venture with US fund Oaktree Capital Management and Greycoat Real Estate. The partnership seeks to acquire and accelerate large and complex development sites across England, each with the potential to deliver over 1,000 homes.

The initiative is designed to address challenges in unlocking substantial housing projects by focusing on infrastructure and masterplanning. It intends to create ready-to-develop plots for a range of housebuilders. According to the partners, the approach prioritises placemaking and aims to foster high-quality environments tailored to the needs of local communities.

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