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Land earmarked for major development sold

Source: https://www.insidermedia.com/

A 225-acre site in Nottinghamshire with permission for 1,050 homes has been sold for an undisclosed sum.The Crown Estate has reached an agreement with Barratt and David Wilson Homes for the sale of the land north of Bingham which also has approval for commercial space.The Bingham North masterplan sets out plans for a new community to the north of the town, with space for new local shops, a primary school, a community centre, and public space including a park and lake.The masterplan was adopted by Rushcliffe Borough Council in 2013 and details out how to meet local housing and infrastructure needs over the next ten years.Savills advised The Crown Estate on the sale and the housebuilder is expected to start on site in 2018.