St Modwen Developments Ltd, the development subsidiary of St Modwen Properties PLC, has sold a 12.67 acre tranche of serviced residential land at the former Norton Colliery, Stoke-on-Trent to David Wilson Homes Ltd.
St Modwen has carried out a massive earth-moving operation involving 400,000 cubic metres of colliery spoil, and laid roads and sewers to transform the derelict former colliery into a residential site.
As part of the restoration process, St Modwen has also restored the adjoining Newford Valley landfill site through a comprehensive scheme of capping, landscaping and gas attenuation measures. This will provide a 50 acres pleasant open space to replace the previously only partially remediated tip.
The site, now known as Norton Park, will eventually provide up to 600 new dwellings, a convenience store and other local facilities plus open space.
The development is a joint venture with the City of Stoke-on-Trent from whom St Modwen acquired the site after a competition bidding process. The council will benefit from an overage payment if the scheme exceeds target returns.
Ray Hill, senior development surveyor for St Modwen, said: “Even though we are specialists in the remediation of brownfield sites, Norton Park has been particularly challenging and we are delighted that the creation of a new residential area has moved a step closer.
“The site accords with the national planning policies for the regeneration of disused land and will provide a boost to the local economy in this area of Stoke.”
The company retains a further 28 acres of housing land at Norton Park which will be released on a phased basis.
FPD Savills acted for St Modwen in the sale to Wilson Homes.
For further information contact Ray Hill of St Modwen on 0121-456-2800. Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).