‘Regionally significant’ land deals demonstrate strength in East Midlands property market
National property consultancy Leaders Romans Group (LRG) has completed a pair of major land deals in the East Midlands which it believes are “regionally significant” – with one site potentially set to play host to 1,000 homes.
On behalf of private landowners, the company has overseen the sale of a 47-hectare site near Nottingham to Barratt Developments North Midlands, paving the way for a housing-led mixed-use development, and a 64-hectare storage and distribution site in Lincolnshire to Caddick Land.
The Nottingham site will form part of a 3000-home sustainable urban extension to the city, while Caddick’s new site – located on the A1 – is ideally located for the area’s burgeoning storage and distribution market.
LRG worked with its subsidiary planning consultancy Boyer on the deals.
David Hutchinson, land & planning director for the Midlands at LRG, said: “The East Midlands strategic land market remains extremely active, as these two recent contracts demonstrate. Despite geopolitical uncertainty, build cost inflation and interest rate rises, we are seeing long term commitments to strategic land across the region and no sign of a let-up.
“Leaders Romans Group is committed growth in the Midlands. We are pleased to be capitalising on the strength of the strategic land market in bringing forward commercially attractive land opportunities with a focus on securing best value for our landowner clients while delivering the economic benefits the region needs to support its communities.”