County Durham development specialist Hargreaves Land has acquired a major site in North Lincolnshire to trigger the creation of thousands of new homes as well as the potential for employment, community and leisure space,
The regeneration and property development company has exchanged contracts with site receivers Watling Real Estate for the conditional purchase of a 550-acre plot of land at the Lincolnshire Lakes site in Gunness, near Scunthorpe.
Over 1,150 new homes are set to be created at the site over the next 15 years, as part of a major master-developer partnership. The partnership also includes the potential for a new Advanced Manufacturing Park to be brought forwards on part of the site by Hargreaves Land – a subsidiary of Durham based AIM-listed Hargreaves Services plc.