Landhold Capital completes sale of 53-acre residential development site in Essex
Landhold Capital, the London-based promotion and land investment, has sold a 53-acre residential development site in Hullbridge Essex to Barratt Developments
Landhold Capital secured outline planning consent for the development in January 2017. This will now allow Barratt to deliver up to 500 new family homes, with public open space, a children’s play area and a new much needed roundabout.
The planning permission also ensures financial planning contributions to be made to improving local services and facilities including education, healthcare, highways, sports, leisure and a cycle route.
Iain Welsh, land director at Landhold Capital, commented “The team of agents and lawyers on both sides worked tirelessly to complete on this deal.
“It is a significant sale and we are looking forward to re-investing in new strategic sites across the South of England. Importantly the sale allows 500 new family homes to be built.”
He added: “We worked closely with our landowners and their agents Whirledge and Nott to bring this opportunity to the marketplace.”
Mark Sperrin, senior land manager at Barratt Homes, commented: “We’re very happy to have secured this fantastic development site and look forward to delivering much needed housing to Rochford District.
“The site will be dual branded with both Barratt and David Wilson homes and we look forward to starting work on the site later this year and welcoming first residents in 2019.”
Strutt & Parker’s development and planning team, based in Chelmsford, represented Landhold Capital and handled the sale of the land to Barratt.
James Marner, partner at Strutt & Parker’s Development and Planning Team, said: “We were excited to be appointed to handle the sale of such an important development site which attracted significant interest from most of the national housebuilders.
“We are delighted that a high quality developer such as Barratt Developments has acquired the site and we look forward to seeing the scheme delivered. We wish them every success.”