Housebuilder acquires land at former Ironbridge Power Station for nearly £20m
Taylor Wimpey has acquired a parcel of land at the former Ironbridge Power Station site in Shropshire for nearly £20m.
The housebuilder plans to build 200 homes, adding to the 110 homes already planned by Barratt and David Wilson Homes.
Sold for approximately £19.55m this marks the second phase of the Harworth Group’s mixed-use scheme at Benthall Grange, following a sale to Barratt and David Wilson Homes in December 2022.
Land regeneration and property investment specialist Haworth acquired the 350-acre site in June 2018 and received planning approval in September 2021.
The development will feature over 1,000 homes, a retirement village, 200,000 sq ft of employment space and a local centre with shops and services.
Community amenities will include a primary school, allotments, sports pitches, and a renovated 1930s pumphouse for community use.
With this sale, nearly one-third of the available plots have been sold.
Lynda Shillaw, chief executive at Harworth, said: “This transaction highlights the continued appeal of our serviced land to housebuilders, enabling them to quickly execute on their delivery plans to create new homes in highly desirable communities. It provides a clear example of how, as a master developer, we can create and release value through our extensive landbank to fund our industrial and logistics development programme, supporting our ambitious growth plans to reach £1bn EPRA NDV by the end of 2027.”
The project is set to be completed by 2030.
