6th October 2020
Conditional contracts exchanged on Bower Farm residential site in Bridgwater
Conditional contracts have been exchanged on a 21.3 acre (8.8 hectare) former horticultural site at Bower Farm in Bridgwater with outline planning permission for 260 homes. The site is being sold by Edward Ware Homes and private landowners to Keepmoat Homes.
The acquisition by Keepmoat, the UK’s seventh largest homebuilder by volume of homes built each year, will result in the delivery of a mixed tenure development including homes for sale, shared ownership and affordable rent.
Alder King advised Edward Ware Homes and the private landowners on the planning application and forthcoming sale of the site.
The firm’s planning team coordinated a multi-disciplinary consultant team on the planning application, working positively with Sedgemoor District Council to resolve issues relating to the site’s allocation in the new local plan and concerns around noise, flooding and drainage. Outline planning permission for the site was secured in May.
The firm’s residential development land team advised the vendors concurrently on the sale of the site to Keepmoat which was conditional on securing outline planning permission.
Ben St Quintin, partner at Alder King, said: “This was a challenging project which was achieved through great cooperation between all parties.
“The site will deliver a range of much-needed new housing, including affordable housing, noise reduction measures from the M5 for existing east Bridgwater residents as well as significant infrastructure measures, such as a new spine road which will form the foundation of the wider Bridgwater east allocation.
“We look forward to continuing our partnership with Edward Ware Homes and the individual landowners which will result in Alder King bringing more consented land to the market in this location for a number of years to come.”