Land Securities has sold over 500 plots to Taylor Wimpey at Ebbsfleet Garden City.
It was announced today that FTSE 100-listed Land Securities had exchanged contracts with Taylor Wimpey for the sale of 539 residential plots at Castle Hill, which is one of three planned modern villages in the Eastern Quarry development and forms part of the wider Ebbsfleet Garden City.
Housebuilders Persimmon and Ward Homes are already on site at Castle Hill, and the latest "raft of major deals" brings the total number of committed homes at the site to 1,500, of which 375 are affordable.
The scheme, announced in 2014 by chancellor George Osborne, is designed to help tackle the country's housing crisis.
"Today’s news represents a significant step forward for Ebbsfleet Garden City," said Tom Venner, development director at Land Securities.
Henley Camland, a residential infrastructure company, also purchased land at the Eastern Quarry.
Ian Rickwood, Henley’s chief executive, said: "This landmark first acquisition is a real statement of our intent and paves the way for us to work towards our long term goal of creating 20,000 housing plots across the UK and contributing in the effort to help fix Britain’s chronic housing shortage."