Our Springstead Village development in Cambridge has received a major boost, with Border to Coast Pensions Partnership committing £70m in forward‑funding to deliver the project’s next phase.

Designed for Bellway and Latimer, the second stage of Springstead Village will deliver 93 houses and 46 apartments, forming part of a growing neighbourhood on the edge of Cambridge. The investment marks Border to Coast’s first move into single‑family housing, delivered through its UK Real Estate Fund.

Springstead Village has been planned around walkable streets, generous green space and strong social infrastructure, including new schools, allotments and a network of public landscapes. Latimer and Bellway are targeting minimum EPC B ratings, supported by our fabric‑first design and a masterplan that encourages low‑carbon living.

Joe McDonnell, CIO at Border to Coast, called the deal “a landmark” that responds to the UK’s shortage of high‑quality rental homes and demonstrates how LGPS pooling can unlock long‑term investment opportunities. Iain Leheny, deputy fund manager at project advisor Aberdeen Investments, praised the scheme’s design quality, describing it as “the perfect example of the housing stock we want to invest in.”

The announcement comes as government attention intensifies on Cambridge’s growth, with a consultation launched last week on establishing a new development corporation for Greater Cambridge.

For PTE, Springstead Village reflects our commitment to delivering characterful, sustainable neighbourhoods where communities can thrive.