The Meadow, on Manchester Road, was acquired following a competitive tender process which was jointly marketed by Colliers and JLL.
The site forms part of the planned Carrington Village, a sustainable new community of homes built around a village hub with shops and other amenities. The wider New Carrington extends to circa 2,000 acres and is one of the UK's largest regeneration schemes with a masterplan proposing to deliver 6,000 homes and new community facilities together with four million sq.ft of commercial accommodation.
Wain Homes has already commenced The Place, a development of 277 homes at the eastern edge of the Village, with the first phase release of 33 properties all sold.
Wain Estates development director, Jack Brister, said: "The land sale is part of our strategy to deliver a mixed use new community at Carrington working alongside other developers who share our ambition to create genuinely sustainable places of quality and interest.
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"We have invested significantly in infrastructure and remediation and it is exciting to see projects progress as we move forward with the wider Carrington vision."
John Grime, Managing Director for Anwyl Homes Lancashire, said: "The redevelopment of the Carrington Estate is a landmark project and one that Anwyl was keen to be involved in. The vision for Carrington Village is of a vibrant new community providing homes, commercial premises and community facilities. We're looking forward to playing our part to work alongside Wain Estates in the regeneration scheme by building new homes on The Meadow as part of the wider new neighbourhood.
"The Meadow benefits from a prominent location, within an area where demand is proven and there’s a continued short supply of new homes. The acquisition will assist with our targeted push to expand into the Manchester city region and deliver much-needed new build homes in the area. All parties worked hard to get this over the line for our respective year ends and credit must also be given to Shoosmiths and Wain Estates’ in-house legal team."
The Meadow is the second Greater Manchester site acquired by Anwyl Homes Lancashire as part of its expansion plans. It follows hot on the heels of the homebuilder securing land in Heywood, where the homebuilder is set to deliver 120 new homes.
"Our plan for The Meadow is for a development of up to 160 dwellings which includes both private and affordable homes, in a choice of two, three and four-bedroom styles," John added. "Subject to planning, we anticipate starting work on site in the summer. We would then expect to release the first new build homes at The Meadow later next year."
