UK-based developer Inland Homes has received approval for its plans to build 350 homes on the 100-acre site at Wilton Park in Beaconsfield, Buckinghamshire.
The planning application for the project was approved by South Bucks District Council planning committee on 5 June.
Alongside the homes, it plans to develop commercial and community space on the 100-acre site.
The project will be developed at a cost of £350m.
An additional part of the site is subject to a draft allocation for development. If this is adopted, the project could see an addition of up to 250 more homes and 200,000ft² of commercial space.
Inland Homes is awaiting a planning approval on its Cheshunt Lakeside scheme in Hertfordshire. This plan was deferred in May.
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By GlobalDataA decision on the planning approval is slated to be heard by the local planning committee on 25 June.
Inland Homes chief executive Stephen Wicks said: “We have continued to build on the underlying value of our projects since our half-year end results and a significant amount of effort has been put into both Cheshunt Lakeside and Wilton Park.
“After a number of years of hard work on Wilton Park, I am delighted with the positive decision delivered by the planning committee yesterday.”
Wilton Park is located near Junction 2 of the M40 besides Beaconsfield and Seer Green Stations. It is 23 minutes away from London Marylebone.