£6m land deal to bring forward new homes in South Staffs
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Harris Lamb’s residential land team has facilitated a deal between a developer and a Midlands housing group to provide 45 new affordable homes in South Staffordshire.
Housing Plus Group has bought the properties from Lovell Homes in a deal worth more than £6m.
The two-, three- and four-bedroom properties will be located across two sites in the villages of Coven and Brewood.
Chris Jones, director of rsidential land for the business, said: “Lovell Homes has a strong reputation for constructing high-specification homes in very desirable areas, while, as one of the largest housing providers in the area, Housing Plus Group is a major investor in communities and has pledged to help address the UK housing shortage by building 2,000 new homes for rent, shared ownership and outright sale by 2023.
“We have excellent relationships with both organisations, and we are delighted to have organised the sale between the two companies to help Housing Plus work towards its goal. Agreeing this deal has been a fantastic process thanks to the enthusiasm and professionalism on all sides,” he added.
Lesley Birch – development manager at Housing Plus added: “This has been a very enjoyable and rewarding process securing these homes. Being able to add new properties of this calibre to our portfolio and working with Lovell Homes is something we are really excited about.”