Some four acres of prime land earmarked for a residential development in Woodhouse Eaves, Leicestershire, has been acquired by a Derby-based developer.
The deal was orchestrated by property consultants at Fisher German, on behalf of a private landowner and will undoubtedly help meet the ongoing demand for new homes.
Previously, an initial planning application for fifty dwellings was refused when the appeal was dismissed in 2019; subsequent planning permission for 36 dwellings was granted in October 2021.
The landowner has been working with the Fisher German development team on promoting the sale of the land since 2016, during which time they had seen planning for 50 houses declined and a subsequent appeal dismissed. Undeterred, the land finally attained planning permission for 36 new dwellings in 2021.
Acting on behalf of the landowner, Fisher German played a key role in facilitating the sale by inviting numerous parties to submit their proposals, before securing an option agreement that enabled JK Land Limited to purchase the land within an agreed time frame, as well as negotiating a sale price upon the granting of planning permission.
Commenting on the deal, Luke Brafield, Partner in Fisher German’s Development team, says: “This proposed development has involved a number of planning and technical challenges. As such, it is a project that enabled us to demonstrate our varied expertise in strategic land promotion, ranging from sourcing developer partners and negotiating terms, to advising on planning promotion and negotiating prices for option agreements.
“We are delighted to have assisted in facilitating this deal and very much look forward to seeing a scheme being delivered.”
