Newton LDP has sold a 21.97-acre residential development site in Shrewsbury to housebuilder Persimmon Homes for an undisclosed price.
Newton’s land development team worked closely with master developer Lands Improvement, which secured planning consent for 226 new dwellings at the site. Of the new homes, 40% are set to be affordable.
Piers Beeton, director at Newton LDP, said: “It’s brilliant to complete the sale of the last phase of a wider development at Oteley Road, Shrewsbury. It closes the chapter on our work on several phase sales on behalf Lands Improvement. The site will provide for 226 much needed homes, with 40% to be of an affordable housing tenure. It has been great to see the site develop over the years and I know that this phase will effectively round off what has been a highly successful and positive example of an urban extension to Shrewsbury, I look forward to seeing it finished.”
James Stone, managing director at Lands Improvement, added: “We are really pleased to have reached this milestone with the sale of the final phase at Oteley Road. With significant social and green infrastructure, and twice the local authority requirement for affordable housing, we have carefully planned the development to ensure a vibrant community that thrives in the long term, and we now look forward to seeing these plans brought to life. We’re pleased to have been supported by Newton LDP to achieve this sale.”
