Sheffield-based property investment and construction group Henry Boot plc said its land promotion business Hallam Land Management (HLM) has completed the sale of 760 plots to Barratt Developments and Vistry Partnerships for a total of £25 million.
“The 125-acre site, located in Bridport, West Dorset, was contracted under a Planning Promotion Agreement in 2009,” said Henry Boot.
“HLM then worked with the Local Planning Authority and local stakeholders to secure an allocation in the adopted West Dorset, Weymouth and Portland Local Plan in 2015.
“Planning permission was secured in May 2019 for 760 plots, 10 acres of employment land and further mixed-use development including shops and a primary school.
“The sale to Barratt Developments exchanged in 2021.
“The sites community benefits include a total of 54 acres of public open space, within which 15 acres of new woodland will be planted, new leisure routes installed alongside equipped play areas, sports pitches, changing rooms, a multi-use games area and allotments.”
Hallam Land Management MD Nick Duckworth said: ‘This significant deal with Barratt Developments and Vistry Partnerships will deliver much needed new homes in Bridport.
“It further highlights our capabilities in masterdeveloping a site to deliver homes, employment space, community facilities and open spaces.”
Barratt Developments Group Land and Planning Director Philip Barnes said: ‘This high-quality site is in a great location and is an excellent opportunity for us.
“Hallam Land Management have once again created the makings of a great scheme which we look forward to delivering to Bridport shortly.’