St Modwen Developments Ltd has sold 14 acres of residential building land at Milford Road, Baswich, Stafford, to Midland & General Homes Ltd for an undisclosed price.
The land, which was in multiple ownership. was formerly in agricultural use and St Modwen successfully promoted it for residential use through the Local Plan over a period of eight years. The land has been sold with the benefit of outline consent and it is understood that the purchasers intend to build 124 homes, including affordable homes, commencing later this year.
Mike Timmins, Development Surveyor for St Modwen, said: “We are pleased to see this scheme coming to fruition after such a lengthy period of promotion. It is not a typical St Modwen brownfield site but it demonstrates that even on greenfield sites we are able to add value by using our expertise and commitment on this occasion through planning skills as opposed to remediation.”
For further information contact Mike Timmins on 0121-456-2800. Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).