David Wilson Homes has bought a stake in a 450 acre former colliery site in the Sherwood Forest.
Harworth Group plc has sold a 176 acre parcel of the former Thoresby Colliery site to the Leicestershire-based Barratt subsidiary, for 219 new homes.
Harworth said the land, near the village of Edwinstowe, in north Notts, was sold “at a price in line with its December 2019 book value”.
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The colliery closed in July 2015 and the land is currently being redeveloped by Harworth as Thoresby Vale.
Harworth has demolished the pit heads and most of the buildings and gained planning for 800 new homes, ranging from one bed apartments to four bed family detached houses.
There are also plans for a park and children’s play area, footpaths and a link road to serve Thoresby Vale’s new primary school, which Harworth hopes to complete in time for the September 2023 school year.
Thoresby Colliery was the region’s last deep mine and Harworth’s masterplan also includes 250,000 sq ft of employment space, a retirement village, and the transformation of a 300 acre former spoil heap into a country park.
It has spent the last couple of years preparing the land, installing services and is close to completing the country park.
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In 2019, Phase 1 of the land, covering 12 acres, was sold to Harron Homes for 143 homes, with the first due for completion by Christmas.
David Wilson’s plans form the second phase of the site on land which forms part of the gateway into the wider site.
Lynda Shillaw, chief executive of Harworth Group plc, said: “David Wilson Homes will represent the 17th housebuilder we have sold residential land to in the past seven years, clearly reflecting that our sites endure in their popularity due to the quality of our serviced land and our commitment to effective place-making.
“Our sites offer what homeowners want from the places where they live.
“Covid-19 has shone a light on the importance of people’s local environment, and in particular their access to outdoor space, community and wider connectivity – factors that are at the centre of our masterplans for the places that we develop. I look forward to announcing further residential land sales towards the end of 2020.”
Peter Henry, director of Harworth’s Yorkshire and central area, said: “This deal shows Harworth at its best – the transformation of technically challenging brownfield land into a vibrant new place for people to live and work.
“Our ongoing focus at Thoresby Vale is to support both David Wilson and Harron to bring their new homes to market as swiftly as possible, whilst continuing our placemaking work to develop the site out in its entirety over the next decade.”