Persimmon plc and Partners Secure Deal to Deliver 158 Affordable Homes at Wellington Gate Development in Oxfordshire

Reuters

2025/06/20

Persimmon plc and Partners Secure Deal to Deliver 158 Affordable Homes at Wellington Gate Development in Oxfordshire

Persimmon plc has signed a contract with CBRE Investment Management and Pinnacle Group to deliver 35 affordable rental homes on the seventh phase of the Wellington Gate development near Wantage, Oxfordshire. This marks the fourth acquisition by CBRE IM and Pinnacle on the site, contributing to a total of 158 affordable homes planned across the development. The homes will be built on the former Grove Airfield site, where Persimmon already holds outline permission for up to 1,500 homes. In addition to housing, Persimmon has developed a primary school and is constructing a secondary school as part of the sustainable community. The company, a five-star housebuilder, is also seeking planning permission to add hundreds more homes to the site.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Persimmon plc published the original content used to generate this news brief on June 20, 2025, and is solely responsible for the information contained therein.

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This marks the fourth acquisition by CBRE IM and Pinnacle on the site, contributing to a total of 158 affordable homes planned across the development. The homes will be built on the former Grove Airfield site, where Persimmon already holds outline permission for up to 1,500 homes. In addition to housing, Persimmon has developed a primary school and is constructing a secondary school as part of the sustainable community. The company, a five-star housebuilder, is also seeking planning permission to add hundreds more homes to the site.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Persimmon plc published the original content used to generate this news brief on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1201861249.SGD","symbol_name":"Natixis Harris Associates US Equity PA SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDL8X3bnh:1","article_id":"2544176504","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544176504","pubTimestamp":1750431866,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Persimmon plc has signed a contract with CBRE Investment Management and Pinnacle Group to deliver 35 affordable rental homes on the seventh phase of the Wellington Gate development near Wantage, Oxfordshire. 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This marks the fourth acquisition by CBRE IM and Pinnacle on the site, contributing to a total of 158 affordable homes planned across the development. The homes will be built on the former Grove Airfield site, where Persimmon already holds outline permission for up to 1,500 homes. In addition to housing, Persimmon has developed a primary school and is constructing a secondary school as part of the sustainable community. The company, a five-star housebuilder, is also seeking planning permission to add hundreds more homes to the site.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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