JLL has been appointed by the government’s housing agency, Homes England, to advise on a tailored marketing and disposal strategy leading to the sale of their 51-hectare (126-acre) landholding near Sutton Coldfield. The site forms part of the Langley Sustainable Urban Extension (SUE), which comprises around 264 hectares (652 acres) in total.
The Homes England landholding is set to deliver around 2,200 new homes from the allocated 5,500 homes designated as the Langley SUE, one of the UK’s largest residential property developments that will help to address some of Birmingham’s housing.
Located eight miles from the city and close to key transport networks, the Langley SUE forms part of Birmingham’s ambitious growth plans to deliver 51,000 new homes in the region by 2031.
In addition to the significant residential development, the project will also establish a new sustainable community in the region, including a network of public open space provision, three primary schools, a secondary school and sixth form, a district centre and three local centres incorporating health and fitness, sports and play facilities. Planning is currently pending.
Alongside Homes England, the SUE will also be delivered by Taylor Wimpey, Vistry, Bellway and William Davis acting in partnership through a Consortium Collaboration Agreement.
Director of JLL, Simon Horan, is heading up the project that is being led by JLL’s residential team in Birmingham.
Commenting on the transaction, he said: “This extensive sustainable development is a cornerstone of the city’s growth plans. Not only will it bring considerable benefits to new residents, but it will also set a national benchmark for high-quality residential development projects at this scale.”
“As a region, the Midlands has high growth potential. We’re continuing to see strong appetite from developers be they national, regional or local housebuilders looking to be part of a sustainable development where placemaking is a core attribute. This urban extension will bring positive economic benefits to the region and adds considerable firepower to improvements in infrastructure and job creation.”
Sarah Taylor, head of planning & enabling for the Homes England Central and West development team, and project lead for Langley SUE, said: “As the government’s housing and regeneration agency, Homes England is committed to ensuring that more people in England have access to better homes in the right places. Having acquired 94.68 ha (234 acres) at Langley SUE in 2021, our Strategic Vision for Langley SUE is to work with our Consortium Partners to establish a new sustainable community of around 5,500 homes, including schools, community facilities and infrastructure, and set a national benchmark for high-quality development at this scale. We are delighted to confirm the appointment of Jones Lang LaSalle who will provide expert property advice across the Agency landholdings. JLL’s commitment to sustainability and the creation of places that thrive gives us confidence that they will play a key role in achieving our Strategic Vision.”
Source: Show House News
