Thousands of homes set to be built in North Lincolnshire after completion of major land deal

It is proposed that more than 1,150 homes will be built over the next 15 years as part of a partnership that could also see the development of a manufacturing park on part of the site.

A spokesman said: “A 65-acre section of the site has been given a strategic allocation in North Lincolnshire’s emerging Local Plan to accommodate potential for the development of a carbon-neutral Advanced Manufacturing Park (AMP), which could provide new commercial space to accommodate a range of emerging businesses, alongside research and development institutions, including those within the clean energy sector.”

“New construction jobs will be created when enabling infrastructure work by Hargreaves gets underway, followed by thousands more as new businesses are created at Lincolnshire Lakes and existing employers relocate to the site to support their own growth and expansion plans.

“Lincolnshire Lakes is expected to be one of the largest residential development schemes in the region and forms part of a wider strategic regeneration project set to transform the overall area, which will also include delivery of a new primary school, district centre and extensive areas of public open space.”

Hargreaves Land said it plans to work with North Lincolnshire Council to secure outline planning consent within two years on the initial phases of development.

David Travis, development director at Hargreaves Land, said “Lincolnshire Lakes is a very exciting investment for Hargreaves Land, reflecting our track record and continued focus in successfully delivering large-scale placemaking schemes throughout the UK.

"This includes our involvement in the ongoing development of Unity, another large-scale mixed-use development in South Yorkshire which has a lot of similar constraints, where we are working with joint venture partner Waystone Developments to ensure project success.

"This deal represents a significant milestone for our overall growth as a business, and we look forward to delivering sustainable development on site over the next few years.”

Andrew Foster, joint managing director at Watling Real Estate, said: “On behalf of Watling Real Estate, we are delighted to enter into a 15-year joint venture with Hargreaves Land to bring forward this development for the benefit of all stakeholders.

He added: “This is a very innovative solution to progress development for a challenged site.”

Zoe Shearman, development surveyor at Hargreaves Land, added: “This represents the culmination of several months of hard work by our internal team and external consultants.”

Freeths law firm acted on behalf of Hargreaves Land for the acquisition while Pinsent Mason represented the receivers.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​