250 homes to be built as land deal completes
Some 250 homes are set to be built in Walsall after the former Caparo Industries site in the town was sold.
The Birmingham office of commercial property consultants Harris Lamb brokered the sale of the 16.5-acre site to developer Lovell Homes, who have purchased the land in partnership with Walsall Housing Group (whg).
The Caparo site, accessed from Green Lane and Old Birchills Lane, has stood empty for years following the manufacturer’s decision to move its operations in Oldbury, with the factory being demolished between 2007 and 2009.
The site has been used for industrial purposes for hundreds of years which requires a significant remediation strategy costing in excess of £4m ensuring that the site meets environmental standards required for residential use.
Chris Jones, director of residential Land at Harris Lamb, said: “Having been involved with this site for the past two years, I am absolutely delighted to have seen it come a full circle and to have now completed the sale of this site to Lovells and Walsall Housing Group.
“This sale will facilitate the regeneration of a disused industrial site delivering much needed new family homes and developing a community in a sought-after part of the West Midlands.
“There was a great deal of interest in this site from the Plc house builders who remain very keen to develop new housing in the West Midlands as and when sites become available.
“Lovell Homes and whg have a great reputation in regeneration, and will bring a superb development to fruition, with construction work expected to start in mid-2020.”
