Acting on behalf of private clients, Legat Owen have completed the sale of an 19 acre residential development site at Penyffordd in Flintshire to Redrow Homes.
Legat Owen worked with the landowners to negotiate the sale with Redrow which was conditional upon the granting of a Reserved Matters Approval for 186 residential dwellings.
Redrow were initially refused planning permission but were subsequently successful on Appeal and following a referral to the Welsh Ministers Approval was granted in May.
Legat Owen advised on the negotiation of the Promotion Agreement and the subsequent sale to Redrow.
We are delighted to have completed the sale to Redrow who I am sure will deliver a quality residential development in Penyffordd. It is testimony to the quality of their original proposal that the application was granted on Appeal by Welsh Ministers.
We are pleased to have delivered an excellent result for the landowners.
Redrow has begun work on site and will launch sales later this year with a view to having the first homes completed by May 2019.
Paul Moore, Redrow NW Managing Director said:
We have a strong track record of providing quality new homes in the area and look forward to getting our latest development underway.
