Northern Trust has completed the sale of a 24-acre site in Louth to Gleeson.
The site is situated off Brackenborough Road and comprises land partly owned by Northern Trust and partly by a local landowner. Northern Trust has been working in partnership with the landowner since 2016.
The land benefits from an allocation on part of the site for 129 dwellings, with the remainder in open countryside.
In December 2018 Northern Trust secured outline planning permission for up to 171 new homes and Fisher German subsequently marketed the site for sale. Following an extensive marketing campaign Gleeson was selected as the preferred developer.
In March 2021 Gleeson secured detailed planning permission for 237 dwellings alongside significant highways improvements, a children’s play area, extensive public open space, enhancements to the Round Louth Walk, landscaping and wider infrastructure.
John Tootell, Strategic Land & Planning Executive for Northern Trust, said: “We are delighted to have secured the sale of this strategic site to Gleeson, it is the culmination of several years’ work following the outline planning permission in 2018 and now Gleeson’s detailed planning permission. This development will provide much needed housing and provide significant benefits to the local community.
“We are proud
link source - East Midlands Business Link - Property