Crown Estate sells off 30 acres near Delamere Forest for £7m

The Crown Estate has sold 30 acres of residential development land in Cheshire to Trafford Housing Trust.

The £7m deal, completed by the Manchester office of estate agent Savills, will see 166 homes built near Delamere Forest.

Reserved Matters consent is in place for the new properties, which will be delivered by Trafford Housing Trust’s housebuilding brand Laurus Homes alongside Lane End Development Construction and L&W Developments LLP.

Berit Rose, from Savills’ Manchester-based development team, said of the transaction: “This sale marks the beginning of an exciting creation of a new, high quality community in the North West.

“The site represented a fantastic opportunity to develop a parcel of brownfield land on a highly desirable semi-rural setting next to the prestigious Delamere Golf Course and Delamere Forest.”

He added: “Unsurprisingly, we received an incredible amount of interest and the site gained huge traction amongst many of the key players in the house building industry.”

The acquisition represents the biggest scheme undertaken jointly by the new Trafford Housing Trust and L&Q Developments LLP outside Great Manchester.

The Crown Estate’s strategic land portfolio manager, Steve Melligan, said: “Savills tackled what turned out to be a highly complicated transaction in a very professional way and, most importantly, managed the process to ensure the sale was eventually completed at the contract price, a particularly important point given the complexity of site conditions and the potential for the purchaser to seek renegotiation.”

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