Market Leads & Opportunities
Land deal paves way for major housing scheme
Vistry Group has completed the acquisition of a 76-acre site in Telford to pave way the way for a major housing scheme.Northern Trust entered into a promotion agreement with the landowners in 2013 following which the site, located within the open countryside to the east of Telford, has been subject to an extensive planning strategy, resulting in the grant of outline planning permission in November 2017 for up to 450 new homes, retail floor space, a public house, open space and associated landscaping.Northern Trust and Vistry have since worked collaboratively on the reserved matters application and the discharge of relevant conditions, with Vistry securing reserved matters planning permission for 450 dwellings in March 2021.
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