Yorkshire housebuilder buys half-built £30m residential site from administrators

Fallowdale is a part of property developer Rushbond which has developed multiple schemes across Yorkshire for almost 40 years.

It focuses on building high quality homes and developing sustainable communities.

Fallowdale is working with Advent Developments to complete the scheme. Advent has recently developed a 23-home scheme called RomanGate close by in Middleton St George, near Darlington.

The £30m Hardwick Grange development comprises some 100 homes, where half of the scheme is yet to be completed.

Georgina Maudm, from Fallowdale, said: “Fallowdale Homes is delighted to purchase this terrific development and secure its future.

"We have really ambitious plans to expand Fallowdale and the Hardwick Grange scheme is an ideal fit for our business.”

She added: “These high-quality homes have very strong appeal to homeowners and the design, quality and environment are exceptional.

"We are keen to ensure that the existing residents continue to feel that they are in a safe pair of hands during this time of change.”

Tim Reeve, of Advent Developments, added “Advent is active locally and we have found there is strong demand for really high-quality homes.

"Sedgefield is an attractive town and the Hardwick Grange scheme has a superb range of detached family homes”.

Law firm Walker Morris represented Fallowdale in the purchase, and marketing of the homes will shortly recommence with LSL New Homes.

Gateshead-headquartered Tolent entered administration in February, resulting in more than 300 jobs being lost.

James Lumb and Howard Smith from Interpath Advisory were appointed joint administrators to Tolent and five of its operating subsidiaries.