Andrew Jackson Solicitors has advised the sale of a six-acre site in East Yorkshire to Beal Homes, which will pave the way for a £14.1million housing estate.
The land, located off Sproatley Road in the village of Preston, is subject to planning permission for a residential development of 64 houses.
The landowner’s legal advice was provided by Chris Waterhouse, real estate partner at Andrew Jackson Solicitors.
David Atkinson of Dee Atkinson & Harrison in Driffield advised on pre and post planning issues, securing a collaborative agreement between the landowners and the successful commercialization of the site.
Chris Waterhouse said: “We are delighted to have supported our clients in this important transaction. Although the sale presented a number of complexities, after several months of careful negotiations, we were able to resolve them with our clients to achieve their goals.
“We have seen an increase in the number of cases handled on behalf of landlords by our development and projects team, resulting in the creation of much needed new housing in the area.”
David Atkinson added: “We are very pleased to have advised the property owners on their sale to Beal Homes, which has proven to be an excellent result by all accounts and reflects the strength of the market and the appetite for residential development programs.
“This is undoubtedly an excellent site for new employment opportunities arising on the north bank of the River Humber, which will benefit from the £310m Green Port Hull project at Alexandra Dock – a world-class center for renewable energy.”