Fairview New Homes has completed the purchase of the former Ford Headquarters in Brentwood, Essex for over £35m.
It has bought the 21-acre site for a new residential development, comprising both private and affordable housing.
The site is located within Great Warley, Brentwood, and is divided in two by Eagle Way.
The Ford Central office building benefits from permitted development rights for 266 units and has been sub-sold to Land Charter Homes. The remaining land within Fairview’s ownership has been allocated for residential development in the emerging local plan, for which Fairview intends to build in excess of 150 homes.
Ford announced its plans to close its Warley Headquarters in 2018, which has been the centre of its UK operations for more than 50 years.
Rhys Davies, main board director for Fairview New Homes, said: “This is our second acquisition within the borough in 2019. We will continue to work closely with Brentwood Borough Council to make sure our private and affordable homes are complementary to the local residential area.”
CBRE advised Ford on the sale.
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