Knight Frank completes sale of Ipsley House development site to Taylor Wimpey

The site includes outline planning consent for the demolition of the office building and the development of up to 70 residential dwellings.

The new buyer, Taylor Wimpey is currently preparing a reserved matters application for the development.

Joe Blincoe, Land and Planning Director at Taylor Wimpey Midlands, said: “We are delighted to have completed the purchase of this site in Redditch. The development will provide much-needed new homes in the area and we look forward to progressing with our reserved matters application in the months ahead.”

Situated on Ipsley Church Lane, the site benefits from excellent connectivity, lying just 5.6 miles from the M42 motorway and providing easy access to both Birmingham and London.

Additionally, the site benefits from proximity to Arrow Valley Country Park and sailing lake, while Redditch town centre, just two miles north, offers comprehensive amenities for future residents.

Charlie Steele, Associate in Birmingham’s Residential Development Land team at Knight Frank, commented: "This transaction demonstrates the continued demand for well-located residential development opportunities in the West Midlands, particularly those with planning consent already in place. We are thrilled to get this transaction over the line on behalf of Rainier and look forward to seeing Taylor Wimpey bring the site forward, to deliver much needed additional housing stock to the area."

Will Blacker, Land Director of at Rainier Developments, said: “This has been a great project for us, following our unconditional purchase last year we have worked closely with Redditch Borough Council to bring forward this brownfield site gaining a planning consent in November. Taylor Wimpey were chosen as the perfect partner to build on our vision for the site. We look forward to working with Knight Frank and Taylor Wimpey again in the future.”