Award-winning housebuilder Redrow Homes has acquired a key development site in Altrincham, Greater Manchester with outline planning permission for up to 70 family homes.
The developer, which builds new homes across England and Wales, purchased the 5.68 acre (2.3 hectare) plot on Stamford Brook Road, Timperley, to the rear of the main campus of Trafford College.
The land has outline planning permission from Trafford Council.
The Manchester offices of real estate advisors Colliers International and property consultants Guest Garsden offered the site for sale by informal tender on behalf of Trafford College.
Victoria Murray, head of land and planning for Redrow Homes (NW), said: “We have a strong track record of delivering homes that meet the needs and aspirations of Altrincham’s homebuyers. Our Stamford Brook development continues to prove extremely popular. As such we are delighted to have acquired this neighbouring site, which will enable us to bring even more high quality family housing to the area.
“Our proposed new development will not only continue to satisfy the strong local demand for new homes, it will also provide a further boost to the economy with the creation of construction jobs.”
Mike Brassington, director, development consulting and agency at the Manchester office of Colliers International, said Redrow’s selection followed a high level of interest and bids for the site from housing developers.
He said: “The site represents an outstanding development opportunity and was of significant interest to house builders such as Redrow capable of providing a broad mix of quality family housing sympathetic to a well-established residential area.
“We correctly predicted a great level of interest from housing providers wanting to address the shortage of new family properties in Greater Manchester and the wider North West.”
“A shortlist of the tendering parties was interviewed following the Informal Tender date. A comprehensive robust criterion was used in selecting the purchaser including not only price level but track record and deliverability of the proposed housing scheme.”
John Broadbent of Guest Garsden said: “The site provided a unique opportunity for the North West residential developer market to build upon the success achieved to date at Stamford Brook in a proven and established residential area.
“We were genuinely astounded by the level of interest created. This sale demonstrates the growing appetite and demand for residential development land and is a further sign of the recovery in values we are witnessing.”
Michelle Leslie, vice principal resources at Trafford College said: “Trafford College is delighted that the sale of the land has been so successful. The College has an ambitious accommodation strategy aimed at providing our community with inspirational learning environments. The proceeds from the sale will enable us to continue with this work and support the local economy, in particular by providing a centre of excellence for science and technology.“