Square Bay completed on the purchase on the former MOD site in March 2018. The site currently housed a large number of buildings previously used by QinetiQ as one of its core research and development establishments. The site is bounded by current Malvern Technology Centre to the north and residential on all other sides.

Square Bay was granted a planning consent in September 2019 for 310 houses, a 66 bed care home as well as 300,000 sq ft of commercial property on behalf of QinetiQ.

The site has now been sold to Persimmon Homes and Barchester Healthcare.