Newbury Racecourse 10 year plan
PUBLISHED: 13:35 25 September 2012 | UPDATED: 21:56 20 February 2013
First new homes will go on sale next year
The first new homes to be built on a major development at Newburys racecourse will go on sale next year, and our pictures show what it all might look like.
David Wilson Homes are buying three areas of land there known as the Western, Central and Eastern sites, on which up to 1,500 homes will be built over a decade. The builders are paying 42.6 million during that period, providing cash for major refurbishment of the racecourse.
The first 420 homes on the Western site will be built alongside a racecourse development programme to ensure Newbury retains its pre-eminent position within the UK horse racing industry.
Work starts this year to create a Centre Course car park for Annual Members and Premier customers, followed by the first phase of housing with sales from mid 2013. Most of the racecourse refurbishment programme will take place in 2014 and 2015, with work on the Central and Eastern residential sites set to begin from 2016.
Around 30% of the new homes will come under the affordable and shared equity housing umbrella. Investment in the road network, bus and rail routes and a contribution towards primary and secondary education, healthcare and adult social care is included. The Rocking Horse Nursery will move to a new purpose built facility.
A new bridge and enhanced access from Stroud Green is incorporated, with the bridge planned for opening before the 250th home is complete, anticipated in Autumn 2015.
For the racecourse itself, the landscape around the Grandstands will undergo remodelling, enlarging the Premier Enclosure. A new Parade Ring will be designed as a natural amphitheatre, ensuring better sightlines and a more picturesque setting for winning owners and trainers, while also providing options for use for events outside of racing. Other improvements include refurbished stables, car parks, new stable staff accommodation and saddling boxes. Owners and trainers will also benefit from a new car park and dedicated entrance.
As well as investing in its long term refurbishment programme, the racecourse will use the cash injection from the developer to help fund its tax and Network Rail commitments.
Sarah Hordern, Joint Managing Director (Property and Finance) said: We are excited about what this means for the future of the racecourse, with a host of stylish homes which will give excellent views of the course, new facilities for the racing and events business and new infrastructure elements that will link our new community to Newburys existing communities.
And a new name...
The news comes at a time when the course has undergone a rebrand, from Newbury Racecourse to The Racecourse Newbury, with a new logo featuring a horse as its central emblem, emphasising the importance of the racing heritage.
Stephen Higgins, Joint Managing Director (Racing and Events) explains: The rebrand reflects the exciting new identity for the racecourse, both as a leading sporting venue and a unique community for residents living at The Racecourse Newbury. The housing development and the heritage of the horse racing will be intrinsically linked and this is why we have returned the horse to the forefront of our brand. This is the right time to be setting out the future of the racecourse, a destination for horse racing excellence and one of the most exciting places to live in the UK.