Barratt Developments has exchanged contracts to acquire an 83-hectare former hospital site in Coulsdon, Croydon, with a gross development value of around £250m.
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The housebuilder hopes to secure planning consent by the middle of 2014, and proposals for the site - the size of around 100 football pitches - include 650 homes (of which, 163 are affordable) and up to 70,000 sq ft of commercial space.
