Robertson Strategic Asset Management secures planning permission for £50m development at Womb Farm

Robertson Strategic Asset Management, part of the Robertson Group, has secured a resolution to grant outline planning permission for a 250-dwelling site in the market town of Chatteris, Cambridgeshire

The unanimous decision by Fenland's District Council Planning Committee sees the area of land at Womb Farm, Doddington Road, given the green light to progress. RSAM is now seeking suitable house builders to develop out the site which is set to have a gross development value circa £50 million.

Mark Longley, Director, Robertson Strategic Asset Management, said: "Working with the landowner our objective was to gain planning consent for a much-needed residential development in Chatteris. It is anticipated that the new dwellings will bring economic growth to the area and offer a desirable lifestyle for many with a close commute to Cambridge, Huntingdon and Peterborough with London also in easy reach.

"RSAM offers landowners the opportunity to maximise their assets by utilising our skills in development and strategic land promotion.

"We are confident this deal represents the first of what is anticipated to be a programme of successful strategic land promotions for the business across the UK."

The new development will comprise of a mix of new homes and has been identified as an area for growth in Fenland.