Harworth Group plc, the brownfield regeneration and property investment specialist, has achieved the first land sale at its Cadley Park development in Swadlincote, Derbyshire, to listed housebuilder Taylor Wimpey.
Parcel B, a plot totalling approximately 11 acres, has been sold to Taylor Wimpey for the construction of 110 new family homes. Construction work is due to begin in the third quarter of 2018.
This transaction marks the first sale of land at Cadley Park following the decision by South Derbyshire District Council’s Planning Committee to approve plans for 600 residential plots across three separate plots of land in June 2015. Harworth has spent the past two years completing the remediation of the site and providing essential green infrastructure to give the new community a sense of place.
The Cadley Park development also includes a driving range operated by N1 Golf and plans for a Country Park, a 9-hole golf course and a 9-hole family golf course. The next eighteen months will see Harworth Group begin work on the c. 50-acre Country Park, whilst the 9-hole family golf course is due to open to the public in the third quarter of this year.
Edward Catchpole, Development Manager at Harworth Group with responsibility for Cadley Park, said: “Bringing a prestigious name like Taylor Wimpey to the Cadley Park development provides an impetus for further development around the site. South Derbyshire District Council has trusted us to bring forward a high-quality mixed-use development over the next decade and this sale fits entirely within this vision.”
Steve Lewis-Roberts, Director at Pegasus Group, added: “I am delighted that the first land sale at Cadley Park has been completed, Pegasus is looking forward to working with Harworth Group to deliver the remainder of the development.”
Freeths, Fisher German and Pegasus Group all advised Harworth Group on the sale.
