Keyland Developments to deliver 2,000 new homes for Wakefield with major PPA scheme

Keyland Developments Ltd, the property trading arm of Kelda Group and sister company of Yorkshire Water, has signed its largest Planning Promotional Agreement (PPA) to date.

The agreement relates to a proposed major urban extension which aims to deliver around 2,000 homes, employment for the area, community facilities and open space on a 300-acre site in Wakefield.

A masterplan has been developed for the project which incorporates a new strategic highway to relieve congestion in the area.

Peter Garrett, Keyland Developments Ltd’s managing director, said: “Keyland’s PPA agreements enable landowners within the region to derive the maximum potential from their sites with no financial risk, whilst unlocking much-needed land to assist the local authorities in meeting their long-term housing needs.

“The project, which aims to deliver multiple and far-reaching social, economic and transport benefits is ideally suited to our expertise of facilitating the future regeneration of strategic land.

“It will be a major transformational project and we are delighted to lead the dedicated team to bring the vision to life.”

The development is set to ‘enhance’ local services, encourage further expenditure within the local economy and attract future inward investment into the area.

Having developed the masterplan, the landowners have now entered into an agreement with Keyland Developments who will take on the promotion of the scheme through Wakefield Council’s forthcoming Local Plan Review.

The agreement represents Keyland’s sixth West Yorkshire PPA, with previous agreements in Leeds, Calderdale and Kirklees.

The PPA’s involve Keyland working with independent landowners, corporates or regulated bodies to overcome obstacles to development on strategic sites to facilitate regeneration by securing planning consent for future use.