Clarke Willmott acts on affordable housing deal
19th November 2021, 12:27 pm
National law firm Clarke Willmott LLP has acted on a deal which will see a multi-million pound development of 152 affordable homes on the former site of Leeds City College in Horsforth.
The plot was acquired by Vistry Partnerships Yorkshire Limited and social housing provider Stonewater Limited from Luminate Education Group.
The land has remained unoccupied since Leeds City College closed the site in 2017 and the £22.5 million project will include 100% affordable homes, helping to ease local housing demand.
The new homes include a range of one-, two-, three- and four-bedroom homes. The development will be gas-free, with each home fitted with an air source heat pump, a sustainable and environmentally friendly heating method.
Helen Wittram, a partner on the commercial property team at Clarke Willmott, who led on the deal on behalf of Stonewater Limited, said: “It has been great to assist our client Stonewater on the acquisition of this prime land which will be used to provide much-needed affordable housing.
“The team worked hard to carry out the due diligence and legal work necessary to acquire the land to build a new community.”
Andrew Poyner, managing director of Vistry Partnerships Yorkshire, said: “We are delighted to once again be working with Stonewater to build these quality, new affordable homes for the local community.
“As a regeneration business, we specialise in transforming redundant, brownfield sites into vibrant new communities, and the Horsforth Campus is a classic example of such a project. We’re looking forward to getting work underway and working closely with Stonewater and the Council throughout the project.”
Chris Montague, director of development at Stonewater (North and East) at Stonewater, added: “Horsforth is a very sought-after area that in recent years has driven significant price increases and a strong demand for more affordable housing. We’re proud to be playing our part in supporting the Council with alleviating housing demand and look forward to seeing work start on site.”
Squire Patton Boggs, led by Edward Forth, acted for Vistry Partnerships Yorkshire Limited and Eversheds Sutherland International LLP, led by Charlotte Tanikal, acted for Luminate Education Group.
Clarke Willmott is a national law firm with offices in Birmingham, Bristol, Cardiff, London, Manchester, Southampton and Taunton.
For more information visit www.clarkewillmott.com