Once remediation works are complete and key infrastructure is in place at a site, we either sell serviced land to housebuilders or industrial & logistics occupiers, or directly develop industrial & logistics units oursevles.
We sell land for residential uses to housebuilders including Barratt Homes, Taylor Wimpey, Harron Homes and Avant Homes. We have also sold land for commercial uses to local, national and international firms, including Rolls-Royce, Aldi and a range of manufacturers and retailers.
Some of our landholdings are retained to grow our income portfolio by directly developing our own commercial units for lease. This has been typical on sites such as Logistics North, the Advanced Manufacturing Park and Gateway 36 to tackle the reported shortage of commercial units in the North of England.
Much of our land portfolio also lends itself to low-carbon energy production; once planning consent is secured for this sort of development, we then lease land to third party low-carbon energy producers including wind and solar developers who pay us a royalty on generation during the lifetime of their leases.