Developer sells residential development sites totalling 57 acres

Developer and regeneration specialist St. Modwen has sold four residential sites totalling 57 acres in the Midlands. It said the sales form part of its strategy to grow its residential and housebuilding activity, as well as building its industrial and logistics business through the accelerated release of capital. A £5.6m sale to residential developer Bellway for 7.2 acres of land at Branston Leas near Burton-on-Trent has been completed. The deal comes with planning permission for 113 new homes and builds on St. Modwen’s wider... For the full story register now for free or login below...
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