Persimmon has acquired the site in Biggleswade which has planning permission for 416 residential units.

The sale has generated an ungeared internal rate of return of 16.9% per annum.

In 2017, Hallam Land entered into a planning promotion agreement with the landowners for the 105-acre site, which is located on the northern edge of Biggleswade.

Hallam Land submitted an outline planning application that was refused in September 2023 due to highways and access concerns but later allowed on appeal in November 2024.

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While the appeal was ongoing, a revised application was made incorporating an alternative site access on additional land. This application, the subject of the sale, was approved in November 2025.

In addition to delivering new homes, including up to 125 affordable units, the wider site will provide significant community benefits, including substantial s106 contributions and new areas of public open space.

"This transaction is another strong example of Hallam Land's ability to both consistently unlock value through the promotion of well located strategic land and subsequently realise that value for shareholders through sales to housebuilders,” said Tim Roberts, CEO at Henry Boot (pictured above).

“As a result of the sale, much needed new homes, including affordable housing, will be delivered alongside meaningful benefits for the local community.”