Bow Meadows, Coventry
Wilsons Lane, Longford, Coventry
SoldHolt Property has advised the landowners on this extensive landholding in north Coventry for over 40 years, recognising its strategic position close to Junction 3 of the M6.
The residential land at Bow Meadows, located off Wilsons Lane, forms part of a wider mixed use masterplan and is now being brought forward by Taylor Wimpey for up to 73 high quality new homes. Acting for the landowners, Holt Property has helped to steer the site from early promotion through planning and an unconditional sale.
Background
Long standing instruction from the landowners to advise on their extensive land interests in north Coventry, including land off Wilsons Lane.
Identified the Wilsons Lane residential land as a strong early opportunity within a wider mixed use development south of Junction 3 of the M6.
Promoted the land through the planning process as part of a comprehensive masterplan, working closely with the land promoter and wider professional team.
An initial option agreement was negotiated with Gallagher Estates; following its acquisition by L&Q Estates, the agreement was converted into a promotion agreement and managed by L&Q Estates through the planning and sale process. Since completion of the transaction, the strategic land business has been acquired by Catesby.
Outline planning permission secured for up to 73 homes, including 25 per cent affordable housing, a local area of play, landscaped green spaces and new pedestrian and cycle connections.
Prepared and managed a targeted marketing campaign for the residential parcel, running a competitive bidding process and agreeing detailed heads of terms for an unconditional freehold sale to Taylor Wimpey.
Bow Meadows is now being brought forward as a new residential neighbourhood in north Coventry, following completion of the land sale to Taylor Wimpey.
Results
Successful long term promotion of the Wilsons Lane residential land as part of a wider mixed use allocation, unlocking development potential that had been identified and nurtured over many years.
Delivery of an outline consent for up to 73 homes with 25 per cent affordable housing, children’s play space, landscaped open space and new pedestrian and cycle links, supporting a well connected and sustainable community.
Unconditional freehold sale completed to Taylor Wimpey following strong interest and multiple bids, maximising value for the landowners on a complex, high profile site.
Bow Meadows will provide a mix of one to five bedroom homes with excellent access to the M6, Coventry and Nuneaton and Bedworth’s services, meeting local housing demand in a highly accessible location.
The scheme has sustainability at its core, with energy efficient homes and provision for measures such as electric vehicle charging, solar panels and layouts that encourage walking and cycling through connected green spaces.
Holt Property represented the landowners throughout, co ordinating with L&Q Estates, the professional team and Taylor Wimpey to secure a smooth transaction and a strong commercial outcome for the landowners.
The landowners are delighted with the outcome, reflecting a long term, well managed and collaborative process that has maximised the potential of their land.
We have an excellent reputation with our clients, understanding their needs and building strong relationships resulting in successful outcomes.