Regeneration specialist Harworth Group has bought the former Ironbridge coal-fired power station in Shropshire for an undisclosed sum.
The 350-acre site comprises around 240 acres of brownfield land and a neighbouring parcel of more than 100 acres of agricultural land.
Harworth said it would “remediate the site ready for future development”. It is targeting the delivery of a new mixed-use development of several hundred new homes alongside commercial development, leisure uses and public open space.
Owen Michaelson, chief executive Officer of Harworth Group, said: “The Midlands market remains a key priority for the business as we expand our presence in the region.
“This acquisition forms part of our strategy to become the UK’s leading regeneration company.”
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