National developer St. Modwen has sold a further parcel of land in Longbridge, south-west Birmingham, to housebuilder Taylor Wimpey, paving the way for the delivery of more new family homes.
The seven-acre site, which was sold for £7.6m, sits at the junction between Groveley Lane and Lowhill Lane overlooking Cofton Park, and already has secured detailed planning consent for 95 homes.
Nick Whittingham, Land Director at St. Modwen, said: “Longbridge is changing day by day, and is increasingly becoming a destination for people to live, work and enjoy their leisure time.
“The sale to Taylor Wimpey is further confirmation of the fundamental transformation that is taking place. The scheme will deliver a range of 2-4 bedroom family homes, and building works have already started on site.”
Neil Ballett, Land & Planning Director at Taylor Wimpey, said: “We are delighted to have completed yet another acquisition of land from St. Modwen, and we are now focused on delivering a collection of 95 high-quality homes within Longbridge. As well as providing much-needed housing, the development will also make a significant financial contribution towards local infrastructure.”
The site forms part of St. Modwen’s £1bn regeneration of the former MG Rover Works, which has so far delivered over 400 homes, a £100m town centre, offices, the £66m Bournville College, Longbridge Technology Park and the three-acre Austin Park, named after the eponymous founder of the Austin Motor Company.
St. Modwen has also built the 180-bedroom accommodation near the town centre for the Royal Centre for Defence Medicine (RCDM), which will house military medical staff working at Birmingham’s Queen Elizabeth Hospital. In addition, the ExtraCare Charitable Trust officially opened its £35m Longbridge Retirement Village in September.
St. Modwen was advised by CBRE.