A joint venture involving housebuilder Countryside and 60,000-home housing association Sovereign has acquired a site to deliver 2,500 homes.

The JV has exchanged contracts with Ainscough Strategic Land to purchase 365-acre Lotmead Farm, in Swindon.

The site has outline planning permission for 2,500 new homes, of which 30% are affordable and will be managed by Sovereign. The scheme also includes 400 homes for private rent.