We are delighted to have worked with Stanley Investments on this land acquisition and look forward to seeing the proposed housing development take shape.
Residential developer Stanley Investments has purchased a site in Stoke-On-Trent, Staffordshire with the aim of developing affordable new homes for people in the area.
The land acquisition deal was handled by the Real Estate team here at Primas Law, who are well versed in land acquisition and development.
This will be the 12th acquisition on which Primas has advised Stanley. The developer operates across the Midlands and the north-west and is backed by several Registered Housing Providers for affordable housing.
The project is undergoing planning permission for new homes to be delivered in line with the government’s National Design Guide, comprising three-bed houses, two-bed houses and one-bed cottage flats. The scheme will be a mix of Affordable Rent and Shared Ownership properties.
Once planning permission is approved, the development is expected to take around 16 months to complete.
Chris Curtis, Director at Stanley Investments said: “We’re pleased to have been able to acquire this land for future development in Stoke-On-Trent, and we look forward to progressing with the planning.
“We are continuing to purchase land across the north and Primas Law will play a key role in delivering our acquisition strategy.”
The acquisition was led by Partner and Head of Real Estate, Simon Baxter, who said: “We are delighted to have worked with Stanley Investments on this land acquisition and look forward to seeing the proposed housing development take shape.
“Development projects are very complex and there are a lot of things to consider at every stage. We’re pleased we’ve been able to get this project off to a smooth start.”