Harworth Group has sold 15.6 acres of serviced residential land at its Stopes Road development near Little Lever in Bolton, to Taylor Wimpey UK for £8.5m.
Prior to its acquisition by Harworth in 2020, the site was occupied by Tarmac and used for the manufacture and storage of concrete blocks. Harworth has since removed the manufacturing infrastructure and remediated the site, having secured outline planning in 2021 for the delivery of up to 132 new homes.
The sale was agreed following what Harworth described as a “competitive process” with local and regional housebuilders bidding for the site.
The proceeds from the land sale will be reinvested into Harwoth’s industrial and logistics development programme.
Lynda Shillaw, chief executive at Harworth Group, said: “This sale is the second that we have completed with Taylor Wimpey across our major residential developments in the space of just a few weeks, and highlights the continued demand from national housebuilders for Harworth’s serviced land. Our Stopes Road development is another great example of how Harworth utilises its specialist skillset to unlock value from complex land and highlights the intrinsic value in our pipeline.
“The regeneration of this scheme will deliver a thriving new community, bringing additional housing, jobs and investment to the local area whilst also providing residents with extensive green space and landscaping to enhance biodiversity, alongside improvements to road and footpath access.”
