Enhancing the value of our estate through active asset management, first class design and sustainability.
Progressing strategic land opportunities is a key focus for our business and each year we bring forward sites through the planning process before offering them to market.
During 2013/14 we secured planning permission for over 1,200 homes in five different locations. There are planning decisions pending for another 1,800 homes including a project in Thetford where we are working with other local landowners to deliver a major urban extension for the town. In Bingham, the agreed consented development will provide 1,050 new homes, a business park, a new primary school and a £7 million investment in local infrastructure. We also began marketing residential development opportunities in Taunton, Elsenham, Dunster and Fochabers.
Our aim on each site is to secure a commercially viable scheme that will provide an attractive place for people to live and work. We select our developer partners on the basis of their track record for quality design, sustainable development and community approach as well as financial offer. We will continue to set sustainability standards for the new buildings where appropriate. This year we required properties in one key development to meet Level 4 standard in the Code for Sustainable Homes.
Like all the sectors we are active in, we focus on delivering a strong return for the business. We take a long-term approach and consult extensively with local authorities and local communities. This makes us more effective at bringing forward suitable development land for new homes to be built, contributing to our own revenues and the UK's housing stock.
The strategic land portfolio realised more than £5 million in 2013/14, with sales worth over £20 million in progress. Our portfolio of strategic sites could deliver upwards of 10,000 over the next 25 years.