Major housebuilder Taylor Wimpey and Jelson Homes have purchased a large housing site for an eight-figure sum, despite the ongoing Covid-19 situation showcasing positivity in the market.

The site in Warwickshire has been bought from Fisher German, with planning permission already secured. The site will deliver:

  • A new urban extension in Nuneaton
  • 850 new homes in total
  • 200 to be affordable

Luke Brafield, of Fisher German, acted on behalf of the landowner and confirmed the development will also provide millions of pounds worth of contributions towards local services and amenities.

He said: “The sustainable plan for the site includes a local centre, new primary school and more than £14m in contributions to open space, sport and recreation, highways improvements, education, police infrastructure and healthcare for the local community. With Nuneaton located between Birmingham, Leicester and Coventry, the site will provide much-needed housing stock in the heart of the Midlands for families and commuters, including 212 affordable homes.”

Brafield added: “When we completed on phase 1 in 2017, Brexit was a concern for both developers and landowners but we were confident this development site in Nuneaton would be a valuable and sustainable addition for the local community. Of course, completion of the sale has taken place right in the middle of the Covid-19 lockdown, so it is extremely positive that we have not only completed on such a large site but also achieved an extremely good price for our client.

“The industry as a whole is experiencing uncertainty, but we were able to provide strategic advice to the landowner and devise a suitable process which helped us to secure the sale. We look forward to seeing the site develop under Taylor Wimpey and Jelson Homes in due course.”

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