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News Release

Nottingham

Largest Nottingham residential development site sold

25 acre site sold to Bellway Homes


NOTTINGHAM, 22nd February 2016 - One of the city's largest residential development sites has been sold to Bellway Homes by Land Registry.

The 25 acre site at Aspley Orchard, Chalfont Drive, is just 2.5 miles from the city centre with planning permission for 345 new homes.
Acting on behalf of Land Registry, the Nottingham offices of global real estate advisor, JLL, assisted in the planning and sold the site for an undisclosed sum.

The new scheme is intended to create a vibrant and distinct new quarter in an established residential area.

Mike Kelly, land director from Bellway Homes said they looked forward to bringing much-needed new homes to the area. "We are looking forward to seeing the first homes including a mixture of 2, 3 and 4 bedroom properties completed autumn 2016. "
This is the third major site to be sold by JLL in Nottingham. The two previous ones totalling nearly 30 acres were in Hucknall.

Matthew Smith, lead director of the Nottingham offices of JLL said:  "The acquisition of the site by Bellway Homes reflects the continued house-builder appetite for good quality residential land, driven by a buoyant property market in the East Midlands. The new scheme uses brownfield land to deliver much needed new family homes and good for the local economy, creating new construction jobs and opportunities for local trades."

The Chalfont Drive site previously housed a number of commercial buildings and was previously owned and used by the Land Registry and other government agencies.

Graham Farrant, chief executive and chief Land registrar of Land Registry said “We are delighted that the sale of our former site at Chalfont Drive will be used to directly support the Government’s aim to boost growth and create new homes.”

Christine Owen from Flint Bishop LLP Solicitors acted on behalf of Land Registry.