The pair will undertake the delivery of 2,400 new homes, a new relief road, community facilities and town centre over the next 15 years.
Gary Silver, Head of Acquisitions, Dorchester Regeneration, said: “The redevelopment of the Prince Philip Barracks is the perfect example of disused MoD land being put to good use, as the project is of paramount importance to the regeneration of Bordon and the prosperity of the wider region.
“More than ever, there is a responsibility on developers to maximise brownfield space for homes, particularly military assets, and we are delighted to be selected to undertake this work alongside Taylor Wimpey.”
Lee Bishop, Managing Director, Major Projects for Taylor Wimpey, said: “Taylor Wimpey and Dorchester have a unique blend of skills in building sustainable new communities and we look forward to working closely with DIO in bringing these skills to bear on this exciting project.”