St. Modwen has completed the sale of a residential parcel of land in Eastwood, Nottingham, to national housebuilder Persimmon Homes.
The 17-acre former manufacturing site will see Persimmon Homes deliver 150 new family homes and significant areas of public open space after St. Modwen secured outline planning permission in 2018.
The former brownfield site has seen St. Modwen carry out extensive remediation and decontamination works, including the demolition of the former Beamlight Automotive Seating factory which closed its doors in 2012. Persimmon Homes will carry out further infrastructure and earthworks to enable the delivery of its new homes.
The development is set to provide a range of properties from starter homes through to larger family homes.
Nick Whittingham, Development Director at St. Modwen, said: “We’re delighted to have secured planning permission for this former industrial site and to be bringing forward new family homes through this sale to Persimmon Homes. Eastwood is an established and thriving local community with lots to offer to homebuyers and it’s fantastic to see this development coming to fruition.”
Neil Follows, Managing Director at Persimmon Homes Nottingham, said: “We are very pleased to have finalised the land purchase in Eastwood. This is an exciting opportunity to create much-needed new homes for a range of buyers in a sought-after area.
“Colliers Way, as the development will be called, will feature a mixture of two, three and four-bedroom homes.”
The sale aligns with St. Modwen’s strategy of unlocking value in its sites and providing quality residential land to third-party housebuilders; the developer sold £30m of residential land in 2019.