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Birmingham Post
Birmingham Post
Business
Tom Houghton

Ainscough secures four new land deals with potential for 1,700 new homes

A North West strategic land business has secured new deals that could mean 1,700 new homes built on four sites across the country.

Ainscough Strategic Land said it means the New Year is off to a "strong start" and the deals will see two sites in Cheshire, one in Warrington and one in Worcestershire, if planners approve the proposals.

The Leigh-based strategic land business works in partnership with landowners to secure planning permission for housing or mixed-use developments and shares in the uplift in value once the land is sold with planning permission.

Ainscough did not release the names of the sites at this stage.

The company’s latest financial figures saw it turn over £10.6m on sales of land that delivered 830 new homes.

David O'Reilly, land director at Ainscough, said: “This is a good start to the year and vindicates our strong working relationship with both land owners and their agents across the country."

The two Cheshire sites, if approved, would deliver close to 400 new homes in the Chester and Cheshire West local authority area, with a further 300 in Warrington.

The Midlands scheme would deliver up to 1,100 new units in Worcestershire.

Mr O'Reilly added: “The fundamentals of the UK housing market remain strong and with a growing population we need to find space to house people, and we are actively looking to secure further opportunities across the UK.

“Our in-house skills, together with support from knowledgeable local consultants, have gained us a 95% success rate of all sites put forward for planning permission to date.”

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