Market Leads & Opportunities
New residential plot released at Blindwells
The team behind the 390-acre Blindwells development in East Lothian has unveiled its latest residential development opportunity.Marketing has commenced of Plot 11, which extends to around 1.8 hectares and is positioned within the north western corner of the former Blindwells opencast site.With the capacity to accommodate around 70 residential units, site owner Hargreaves Land believes the plot will appeal to housebuilders looking for an opportunity to get involved in their flagship project at a time when the housing market continues to thrive.Property consultancy JLL, which is appointed as sole agent for Hargreaves Land, will be seeking offers in late April.In February, Bellway commenced groundworks on its forthcoming 144-unit Prince’s Gate development at Blindwells. Providing a mix of three, four and five-bedroom, terrace, semi and detached properties, the first properties at Prince’s Gate will be available to reserve in the spring when Bellway is expected to release prices. In recent weeks, Hargreaves Land has also exchanged a conditional sale contract with Persimmon for a 12.9-acre plot, where there is capacity for a further 196 homes including 30 designated as affordable.In 2017, Hargreaves Land secured planning consent for more than 1,600 new homes at Blindwells. Proposals for the scheme include social housing, education facilities, a healthcare hub and a new town centre with local retail outlets.Hargreaves Land is the property and land division of Hargreaves Services plc, which employs more than 2,000 people and delivers key projects and services in the property and industrial sectors, with a growing focus on optimising the development value of its 12,000-acre land portfolio.
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