Our real estate specialists at Tees have supported Stonebond and Home Group in securing a key development site in Cuffley, Hertfordshire. The site acquisition – backed by a detailed planning consent – will enable the delivery of 73 high-quality homes, with 26 classed as affordable housing and 47 made available for open market sale.
Aaron Cane, Executive Partner at Tees, advised on legal aspects of the land acquisition and joint venture arrangements, representing our Commercial Property team’s skill and expertise in site acquisitions.
The scheme is designed to deliver a 25% biodiversity net gain and includes a £1.5 million contribution to enhance local infrastructure and services. This also marks the first collaboration between Stonebond and Home Group – a significant milestone for both organisations.
Aaron Cane, adviser on the transaction, commented:
“This is a standout project – not just because of its scale, but because it represents a forward-thinking model for partnership development. We’re happy to have supported Stonebond in forming a new strategic relationship with Home Group and we’re pleased to help deliver homes that meet local needs.”
Following completion, Peter Williams, Group COO at Stonebond, said:
“This is an exciting first step in our new partnership with Home Group. We’re delighted to be working together to deliver a mixed-tenure scheme that reflects both quality and community impact.”
Will Gardner, Executive Director at Home Group, added:
“This development is aligned with our mission to deliver high-quality, sustainable homes in the right places. Our partnership with Stonebond brings together aligned values and a shared focus on long-term community outcomes.”
