Clowes Developments has sold a 19-acre Castle Donington site to local housing developer, William Davis Homes for an undisclosed sum.
The 183 housing plots form part of a larger ongoing project which was initially a joint development with Miller Homes. The wider scheme is a culmination of a land assembly that has taken place over several years between the two companies.
Subsequently, planning was obtained for 900 houses and 350,000 sq ft of mixed commercial uses. This includes associated greenspaces plus a new primary school. Critically, the site provided an £11m relief road that surrounds the village of Castle Donington to aid with the congestion that the Village receives frequently.
The residential part of the site was shared between Miller Homes, Redrow and Clowes Developments with Clowes selling their share of residential plots to William Davis Homes on the 4th November 2020 in a deal legalised by Gateley PLC.
Thomas Clowes, Land & Planning Surveyor, Clowes Developments, said: “It has been fantastic to carry on one of our former Chairman’s projects that he began working on many years ago. It has been a pleasure to deal with a local and well-established company such as William Davis and hopefully this is the first of many.”
Clowes Developments still own the commercial area now known as ‘Premi-air’ which is scheduled to be developed in due course. This is located in close proximity to EMDC.
William Davis Homes is a Loughborough based building company who has been delivering new homes across the Midlands for the past 85 years.
David Dodge of William Davis Homes said: “It has been an absolute pleasure to work with Clowes Developments and to conclude this acquisition. Both companies share a number of business principles and core values which were passed on from our respective founders.
“As a five star customer rated house builder and recent silver winner in the Whathouse Medium Housebuilder of the Year, we look forward to delivering our award winning approach to bring the best buying experience, the best home, and the best address to Castle Donington and as one of the East Midland’s most acquisitive housebuilders look forward to working with Clowes Developments in the future.”