Two of the Midlands leading housing developers have announced substantial land acquisitions.
Persimmon Homes West Midlands has acquired 60 acres of brownfield land in Wolverhampton, while Redrow Homes (South Midlands) has secured a 6.75-acre former cattle market in Stratford-upon-Avon.
Together the sites are expected to generate sales revenues in excess of £130 million.
The Persimmon site is off Ettingshall Road and has already been granted outline consent for redevelopment by Wolverhampton City Council.
The developer, based on the outskirts of the city, is proposing to build up to 600 new properties, which include around 150 affordable housing units. In addition to the new homes, Persimmon will also contribute £2.8 million for sports facilities, public open space, landscaped areas, educational improvements, transport initiatives and help towards improvement works next to a canal towpath.
David Harper, senior land manager at Persimmon Homes West Midlands, said: "We are delighted to announce the acquisition of this major new site to bring forward this significant new development.
"We are committed to developing brownfield land, creating local construction jobs and breathing life into previously under-used and derelict areas. This recent acquisition is further evidence of our continued commitment to large sustainable developments within the Black Country."
Meanwhile, the former cattle market site, off Alcester Road, has planning consent for 197 homes in a mix of one and two-bedroom apartments and three storey, three-bedroom townhouses, including 59 social housing units. The development will also include 34,000 sq ft of retail and commercial units.
Debbie Low, land manager for Redrow Homes (South Midlands), said: "We will be directly involved in strengthening the local transport links at the train station which is integrated into the site, including building more parking spaces and developing a bus interchange and taxi rank.
"We will also be contributing to improvements in education for the local area."
The company believes the site will also appeal to commercial buyers as the plans may also include a coffee shop for commuters heading to the nearby railway station.
