Harworth Group has exchanged contracts worth more than £11 million with Avant Homes and Sky House for 264 housing plots at its mixed-use Waverley development in Rotherham.
Under the first deal, Avant will build 220 homes on 12.81 net acres of land it has purchased. The agreement follows its acquisition in February of 4.7 net acres, where the regional housebuilder is already delivering 61 houses.
In addition, Sky House has purchased 1.06 net acres of land to develop Waverley's first starter homes aimed at first time buyers, totalling 44 homes.
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So far, more than 700 homes have been built and occupied on the site in the past five years by Taylor Wimpey, Barratt, Harron Homes and Avant Homes.
Once finished, the brownfield development will comprise of 3,890 new homes alongside two million sq ft of commercial space at the world-renowned Advanced Manufacturing Park, supported by a new local centre and over 300 acres of public open space.
Owen Michaelson, Chief Executive of Harworth, said: "These transactions provide further evidence of the momentum at Waverley, which is seeing it mature into one of the North of England's most desirable mixed-use developments.
"Avant Homes' decision to purchase a second land parcel from us at Waverley proves both the strength of Waverley as a location, their confidence in our ability to deliver sites ready for development and the popularity of their product locally.
"In addition, Sky House's decision to develop innovative starter properties marks an exciting new phase that will add further vibrancy and density to Waverley, whilst also reflecting our desire for the development to offer a broad range of home types aimed at different parts of the market."
(LM/MH)
