HARRIS LAMB SELLS FORMER INDUSTRIAL SITE TO DEVELOPER FOR RESIDENTIAL REGENERATION
Harris Lamb’s Residential Land specialists have sold a Brierley Hill brownfield site to Lovell Homes for redevelopment.
Acting on behalf of Tata Steel (UK) Ltd, the Cookley Works site has been sold for £1.5m, to facilitate the construction of 71 new homes. This included considerable work in securing a suitable highways access, a detailed land remediation strategy and applications for detailed planning permission.
Lovell Homes are working in partnership with a Registered Housing Provider to regenerate the site for new housing with work due to start on site in the summer.
The former steelworks site was used for the manufacture of metal containers for 150 years, with production ceasing in 2007 and the land remaining unused.
Chris Jones, Residential Land Director at Harris Lamb, said: “Bringing a disused brownfield site back into beneficial use is always a rewarding result. In this case, Lovell will be providing quality new homes in an area where there is high demand for family housing impacted by limited land supply.
“Lovell Homes have put considerable resource and effort into making this site viable and have shown a high level of commitment and skill into bringing £17m worth of investment into the opportunity to bring it to fruition. We are delighted to have been involved in progressing another brownfield Midlands site for regeneration and the provision of much needed affordable housing.”
Although previously industrial, the new development will open up access to an attractive canal-side amenity, providing close proximity to excellent retail and sports facilities, and local employment opportunities.