A Cayman-registered, hedge-fund-backed developer wants to build 2,100 homes in the Surrey Green Belt. We think that’s a bad idea.

2012-07-29 20.01.29

We are a group of concerned residents trying to stop an act of mass vandalism being inflicted on the Surrey Green belt.

Wisley Property Investments is a Cayman-registered developer backed by the hedge fund RAB Capital. They have put forward a proposal to build a new town on Three Farms Meadows, the site of the former Wisley Airfield (which was never a real airfield, but that’s another story) . They picked up the site in a fire-sale after the previous owner went into liquidation, and now hope to make hundreds of millions from this development.

We believe this is bad for the Green belt and bad for Surrey as a whole. We urge you to support us.

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Three Farms Meadows is a 300 acre site, and the majority of it is good quality agricultural land. There’s a runway there, although it was never really used. The air strip part was requisitioned by the Government during the war, and they then reneged on a promise to return it to its original, agricultural use. It is a Site of Nature Three Farms Meadows - the former Wisley airstripConservation Interest,  and adjoins a Site of Special Scientific Interest. It is in the Green Belt.

You can see the developers sugar coated proposal here although you might want to check out some of our article: The Developers Vs The Truth before you do that.

If you read this and you think it’s not that important – here’s why you should care.

One thought on “A Cayman-registered, hedge-fund-backed developer wants to build 2,100 homes in the Surrey Green Belt. We think that’s a bad idea.”

  1. I am instinctively against any such proposal in principle until and unless a need can conclusively be demonstrated.

    Therein, lies the issue. Substantial developments are being launched across the country but no-one ever explains exactly why we need all this new housing. Replacement of old stock could provide a partial explanation but, in a country with only a slowly growing population, the number of properties does not match the number of people likely to need them.

    Furthermore, such developments are accompanied only rarely and synchronously with the necessary infrastructure development. Any developer should be compelled, in collaboration with any necessary partners, such as councils, to show how shops, amenities, utilities, roads and parking will match proportionally their proposed development.

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