Trumpington Meadows Land Company (TMLC), a partnership comprising Grosvenor and Universities Superannuation Scheme (USS), acquired the site in August 2004.
This represents an important partnership between one of the largest UK pension funds and a prestigious property development firm with over 300 years of experience.
Both companies are committed to progressive and high quality urban design solutions.
Forty per cent of the housing will be affordable. Bedfordshire Pilgrims Housing Association will provide 480 homes with funding provided by the first of the Cambridge Challenge pilot initiatives promoted by the Housing and Communities Agency.
Grosvenor is a privately owned property group with offices in 17 of the world's most dynamic cities. We have five regional investment & development businesses in Britain & Ireland, the Americas, Continental Europe, Australia and Asia Pacific. Our international fund management business operates across all these markets. As at 31 December 2009, these six businesses had total assets under management of £10.2bn. Unusually for a private company, Grosvenor publishes a full Annual Report & Accounts, available at www.grosvenor.com.
USS (Universities Superannuation Scheme) is the pension fund for universities within the United Kingdom. It is the country's second largest private sector pension fund, with total property assets approaching £20bn.
Forty percent of the housing will be affordable. Bedfordshire Pilgrims Housing Association will provide 480 homes with funding provided by the first of the Cambridge Challenge pilot initiatives promoted by the Housing and Communities Agency.
As the project expands, the partnership is growing:
In February 2010 Barratts signed a deal with Trumpington Meadows to deliver the first 350 homes to the north of the site.
Recognising the importance of the wildlife and ecological aspects of the site, the Cambridgeshire and Peterborough Wildlife Trust have been brought on to advise and manage the extensive country park and farm land.
For more information follow the links below:
USS
www.usshq.co.uk
Grosvenor
www.grosvenor.com