Taylor Wimpey will work closely with Harworth to promote each of the sites, located across the UK, through the planning process with a view to achieving planning permissions for residential development. Projections indicate that the sites will generate around 4,000 housing units over the next ten years.
Taylor Wimpey purchased the sites from Harworth for an initial £10 million, but with provision for payment of further monies when planning permissions for the sites are obtained
Partner Phil Medford and Senior Associate Jamie Cawthorn led the Eversheds real estate team, working closely with Taylor Wimpey’s strategic land team and other consultants EC Harris, Barton Willmore, Arup and RSK Group.
Phil Medford commented:
“We have a longstanding and extremely close relationship with Taylor Wimpey and we are very pleased that they chose us to work with them in securing this excellent opportunity. There is no doubt that the sites which Taylor Wimpey have acquired will make a significant contribution towards the UK’s housing supply over the next ten years.”
Kevin Shelley at Taylor Wimpey said:
“This purchase is a big step for our future growth plans. We requested top legal advice on this purchase and the Eversheds team were able to deliver this to a high standard and within a tight timeframe.”
Eversheds LLP and its world wide offices have over 4,500 people who provide services to the private and public sector business and finance community. Access to all these services is provided through 45 international offices in 28 jurisdictions. Eversheds combines local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.
