Residential People has learned that the property services firm Cushman & Wakefield have agreed on the sale of a 13-acre site in Cottom Hall, Preston.
Acting on behalf of Homes England, the site was acquired by Rowland Homes and has planning consent for 138 new homes.
The proposed development will include a mixture of two, three and four-bedroom homes and includes a 30% affordable housing provision with shared ownership, discounted market value and affordable rental properties.
Homes England obtained outline permission for the wider Cottam Hall site in 2012, which included 1,100 homes and associated development, including play areas, open space provision and infrastructure including footpaths and cycle routes.
Commenting on the sale, Hannah Gradwell, Senior Surveyor in Cushman & Wakefield’s Residential, Development & Strategic Advisory, said: “We are delighted to have acted on behalf of Homes England in this sale which illustrates the continued strength of demand for residential land in the North West market, where good quality sites remain scarce particularly in semi-rural locations.
“We ran a competitive marketing process which resulted in the selection of Rowland Homes to bring forward the site. The developer has proposed a high-quality scheme including 30% affordable housing and is committed to an accelerated delivery programme in line with Homes England’s objectives.”