Persimmon snaps up Bluemantle’s Disley site

PROPERTY investment and development company Bluemantle is selling a 13-acre site in Cheshire to Persimmon Homes for more than £8m. 

The site, off Red House Lane in Disley, has received planning for up to 130 homes. The current tenant, Fibrestar Drums, will be moving as part of the deal.

Paul Stewart of Alderley Edge-based Bluemantle said: “We are pleased to have secured this deal with Persimmon Homes particularly since, together with Cheshire East and the local Parish Council, we had worked so hard over the last few years to transform this previously tired industrial estate into an exciting residential scheme.”

Chief executive Mark Caldwell added: “This is the second deal with have secured with a North West house builder in the last few months and another positive move for Bluemantle.

“We are now actively moving forward with new residential projects and other major mixed use schemes and the market should expect further significant announcements from us soon.”

Timothy Pegg, of Persimmon Homes North West, says: “The location of Disley, close to breathtaking countryside and with direct rail access to Manchester, makes this an attractive addition to the Persimmon Homes’ land portfolio.

“We will shortly be submitting a reserve matters planning application for this flagship development, and we are hopeful that work can commence on site early next year.

“This acquisition is one of a number of investments currently being made by Persimmon Homes North West as we continue to deliver good value quality homes across the region.”

Manchester based HOW Planning and architectural firm, GA Studio advised Bluemantle.