UK builder Barratt Developments has exchanged contracts with the Greater London Authority (GLA) to redevelop one of the most sought after housing led redevelopment opportunities within the M25 motorway.

With a gross development value (GDV) of around £250 million, the 83 hectare former hospital site at Cane Hill in Coulsdon, Croydon, will see 650 homes built of which 163 will be affordable.

The development proposals also include up to 70,000 square feet of commercial space including business, leisure and retail.  The homes, half of which will be family housing, will comply with the Mayor of London’s Housing Design Guide, Code 4 of the Code for Sustainable Homes and Lifetime Homes.