Taylor Wimpey first exchanged on the acquisition in July and has now completed on the £17m purchase to deliver 171 homes, 36% of which will be affordable.
This enables the start of phase four of the delivery of new homes in the 227-acre scheme, where St.Modwen is acting as master developer, working closely with landowner Crabhill Developments and its adviser, Carter Jonas.
Carter Jonas obtained outline planning permission for the 227-acre site in July 2015 from the Vale of White Horse District Council for up to 1,500 homes.
The development also received planning permission for a new primary school, a neighbourhood centre including a pub/restaurant and local retail accommodation, sports pitches, employment space, and community amenities set around a central park.
The first three phases, totalling 428 homes, are being developed by St. Modwen Homes, CALA, and Bellway.
Following the purchase, Taylor Wimpey will be the fourth housebuilder on site.
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St. Modwen Homes has already completed and sold all of its initial 70 homes from the first phase, bringing total occupations to over 100 homes at the end of October.
William Bayston, senior development manager at St. Modwen, said: "With another housebuilder invested into Kingsgrove, we are now over a third of [the] way through the master development of this attractive Oxfordshire community.
“We are looking forward to working closely with Taylor Wimpey as we progress the delivery of the wider Kingsgrove community, which is already well advanced with the opening of the new school and delivery of the first phases of homes.”
Gary Needham, land director at Taylor Wimpey, said: “We are delighted to be involved in the new Kingsgrove development and delivering the next phase of new homes.
“This high quality landscape-led scheme presented an excellent opportunity to work with St. Modwen, and it is clear that our aspirations for design and place-making are well aligned."
He added that Taylor Wimpey was very pleased to add this phase of Kingsgrove to its growing portfolio and was looking forward to beginning work on-site.