Connells secures sale of historic Pearce Leather Works in Northampton
18 May 2010
Connells specialist Land and Planning operation in Northampton has agreed the sale of the Pearce Leather Works site to Lagan Homes.
The sale, which was conducted on behalf of owners W Pearce & Co, means that Lagan can start developing the site including restoration of the old factory and building work on the surrounding land.
The conclusion of the sale on behalf of W Pearce & Co, followed many years of negotiation with both Northampton Borough Council and West Northants Development Corporation, the outcome of which has been to deliver a high-quality, mixed-use housing and commercial scheme which will bring the Pearce Leather Works site back to life.
“The site is truly unique and will provide much needed housing in the area and employment opportunities once the commercial element of the scheme has been completed,” says Connells National Land Director, Roger Barrett. “I am delighted that Connells was able to bring all parties together to make this project work.”
Nationwide, Connells Land & Planning team has seen a marked improvement in the land market in 2010 and recently announced it concluded land deals worth £40 million in the first quarter of this year.
“Developers are responding to greater demand for new homes so land, especially land with planning permission, is highly sought after,” Roger continues. “There is currently a shortage of sites so we are urging any landowners with a view to sell this year to get their land on the market as soon as possible to take advantage of the current high level of demand.”
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Notes to editors
About the Connells Group:
Founded in 1936, the Connells Group, a subsidiary of the Skipton Building Society, comprises 470 estate agency branches and is the second largest wholly owned estate agency network in the UK. In addition to operating under the Connells brand, which comprises around 150 branches, the Group trades under other well-known local names including William H Brown, Sharman Quinney, Fox & Sons and Barnard Marcus.
As well as residential property sales the Group is involved in a comprehensive range of housing related activities including land and new homes, lettings, surveying, mortgages, conveyancing, relocations, asset management and auctions.
The Connells Group has been named Best Large Estate Agency at the Estate Agency of the Year awards for four of the past six years. For more information, please visit www.connells.co.uk