Land sale for delivery of hundreds of homes completes

A residential development site in Warwickshire with planning permission for 500 new houses, including 175 affordable homes, has been snapped up.

Law firm Lodders acted for one of the three landowner entities involved in the sale of the land in Stratford upon Avon.

The firm’s Dan MacLeod, associate in the real estate practice, said: “The 62-acre site just outside Stratford upon Avon at Bishopton, is one of Warwickshire’s largest sales by a multi-landowner group to be completed recently, and will deliver desperately needed housing for the community.

“Lodders has worked with the landowner of 26-acres of the total site for a considerable number of years, initially negotiating the latest option agreement for the site in 2002 and, since then, the various changes to the agreement to reflect the evolving planning proposals for the site.”

The site has been bought by Taylor Wimpey and Miller Homes.

James Walton, of Sheldon Bosley Knight, representing two of the landowners, added: “This site has been considered an obvious extension to the Stratford settlement for more than 30 years, since the construction of the A46 bypass adjacent.  The development provides for an attractive scheme, albeit of relatively low building density compared to some other recent housing schemes allowed in Stratford.  The negotiations over the terms for purchase have been hindered by the pandemic, but we are very pleased to have been able to join with Lodders in concluding this sale.”