Harworth has sold a 12.5-acre plot of land at its South East Coalville site to housebuilder Bellway.
The site in Leicestershire will provide land for 166 family homes.
Bellway has paid £8.9m for the plot, which Harworth said was in line with its December 2019 book value.
Chief executive Lynda Shillaw said: “The appeal of our major developments and the quality of our serviced land has again been evidenced by Bellway becoming the seventeenth housebuilder to which we have sold land in the past seven years. Achieving December 2019 book value also demonstrates the sustained resilience of our property sectors and regional markets, giving us further confidence as we head in to 2021.”
David Cockroft, Harworth’s regional director for the Midlands, added: “2020 has been a milestone year for South East Coalville, with extensive remediation and infrastructure works facilitating two significant sales. The development is fast becoming one of the Midlands’ flagship residential schemes and we look forward to Bellway getting on to site as soon as possible to build the homes that the region urgently needs.”
The 250-acre South East Coalville site, just two miles from junction 22 of the M1, has outline consent in place for 2,016 new homes, alongside supporting uses including a primary school, local community centre and new public realm.
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