Sunday, January 17, 2021

Housebuilder acquires 16-acre land parcel at Nottinghamshire development

Harworth Group plc, a regenerator of land and property for development and investment,  has sold a 16-acre parcel of land to Barratt David Wilson (David Wilson Homes) at its Thoresby Vale development in Nottinghamshire at a price in line with its December 2019 book value.

David Wilson Homes has made its first purchase of Harworth land to build 219 new homes, including 16 affordable homes, as part of Thoresby Vale’s second phase which forms part of the gateway into the wider site.

The current proposals include providing a comprehensive range of house-types, from one bed apartments up to four bed family detached homes, a central greenspace with a children’s play area, footpath links and a link road to serve Thoresby Vale’s new primary school, which Harworth is scheduling for completion in time for the September 2023 school year.

Thoresby Vale is the redevelopment of the 450-acre former Thoresby Colliery, the Midlands’ last deep mine to close in July 2015.

Harworth secured a planning consent in October 2017 for the development of 800 homes, 250,000 sq ft of employment space, a retirement village, a new primary school and the restoration of the site’s 300-acre former spoil heap which sits adjacent to the Sherwood Forest.

It has subsequently focused on preparing land, installing services and utilities and is close to completing the restoration of the spoil heap into a Country Park.

The site’s first phase of 11.84 acres was sold to Harron Homes in 2019 to build 143 new homes. Work on these homes has progressed well throughout 2020, with the first homes expected to be complete before Christmas 2020.

Lynda Shillaw, Chief Executive, Harworth Group plc. said: “David Wilson Homes will represent the 17th housebuilder we have sold residential land to in the past seven years, clearly reflecting that our sites endure in their popularity due to the quality of our serviced land and our commitment to effective placemaking.

“Our sites offer what homeowners want from the places where they live. COVID 19 has shone a light on the importance of people’s local environment, and in particular their access to outdoor space, community and wider connectivity – factors that are at the centre of our masterplans for the places that we develop. I look forward to announcing further residential land sales towards the end of 2020.”

Peter Henry, Regional Director – Yorkshire & Central, Harworth Group plc, said: “This deal shows Harworth at its best – the transformation of technically challenging brownfield land into a vibrant new place for people to live and work.

“Our ongoing focus at Thoresby Vale is to support both David Wilson and Harron to bring their new homes to market as swiftly as possible, whilst continuing our placemaking work to develop the site out in its entirety over the next decade.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

Preventative healthcare specialist completes double acquisition of Lincs companies

Preventative healthcare specialist PAM Group has completed a double acquisition as it continues its buy-and-build strategy. The Warrington-based group has bought 66Fit and Physio Supplies...

Private equity fund swoops for Corby fruit supplier

Elaghmore, the UK Private Equity fund, has acquired Corby-based Orchard House Foods Ltd, the suppliers of prepared fruit, fresh fruit drinks and desserts, from...

Related news

Two tenants secure premises at Lutterworth business park

Two new tenants have secured premises at Cosford Business Park in Lutterworth. Wells McFarlane has recently completed two transactions which will see expansion for Deacons Martial...

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close