Harworth Group has completed the sale of a serviced land parcel at Benthall Grange in Shropshire to Taylor Wimpey UK for £19.55m.
The 16-acre land parcel is the second phase of Harworth’s regeneration of the former Ironbridge Power Station site. Taylor Wimpey intends to deliver 200 homes on the land.
Following the sale of a nine-acre land parcel to Barratt and David Wilson Homes Mercia in December 2022, nearly a third of the total plots available have now been sold.
Harworth secured planning for the regeneration of the 350-acre site in September 2021 having acquired it in June 2018. In addition to more than 1,000 new homes, the development will also include a retirement village, up to 200,000 sq ft of employment space and a local centre offering convenience retail and other services. The scheme is expected to be delivered by 2030.
Lynda Shillaw (pictured), chief executive of Harworth, said: “This transaction highlights the continued appeal of our serviced land to housebuilders, enabling them to quickly execute on their own delivery plans to create new homes in highly desirable communities. It provides a clear example of how, as a master developer, we are able to create and release value through our extensive landbank to fund our industrial and logistics development programme, supporting our ambitious growth plans to reach £1bn EPRA NDV by the end of 2027.”
