The Strategic Land Group (SLG) has continued its expansion into the Midlands, agreeing terms for land promotion agreements for four new sites totalling 76 acres.
Its latest four sites span Derbyshire, Staffordshire and Leicestershire and, combined, could deliver more than 300 new homes and 440,000 sq ft of commercial space.
SLG is already actively promoting three sites in the region, including a scheme in Stone, which would deliver 130 new homes, a site in Market Drayton where planning is in for 125 properties and a potential scheme in Newcastle-under-Lyme consisting of circa 90 homes. All three are now proposed housing allocations in emerging Local Plans.
Headed up by Managing Director Paul Smith, SLG is currently working with a portfolio of 16 sites.
Paul said: “We have seen considerable growth in our portfolio across the Midlands during the last 12 months as landowners seek to maximise the value of their land or diversify holdings that are no longer used for farming. Developers are still keen to acquire well-located sites bordering established towns and villages, particularly given the shortage of suitable sites.
“The housing crisis has reached an acute level and it is more important than ever that councils and developers work together to build new homes in the right places. Failure to do so not only has a huge impact on the young and their aspirations to own their own home, but also carries implications for economic growth, particularly in less prosperous areas.”
