null - Commercial Real Estate News Releases | Avison Young News
Commercial real estate news releases from Avison Young
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young appointed by Homes England at Locking Parklands
May 18, 2022
Avison Young has been appointed by Homes England to lead the developer search for the next two phases of residential development at Locking Parklands, North Somerset.
An invitation to tender is now being prepared by Homes England and Avison Young, for developers who have been shortlisted via Homes England’s Dynamic Purchasing System.
The two upcoming phases at Locking Parklands comprise 10.1 acres (4.1 ha) and have Outline Planning Permission for c.230 new homes, together with c.20,000 sq ft of commercial/retail space.
Daniel Rich, Associate Director at real estate adviser Avison Young in Bristol, says, “These two sites at Locking Parklands occupy a prime position that will be at the heart of the community. Situated close to two new schools, doctors surgery that is under construction and the community park area, this is set to create a new high street for residents connecting people together.
“With a shortlist of residential developers in place, we’ll soon be in a position to invite tenders for this new phase of development, delivering sustainable, high quality homes and new jobs.”
The mixed-use development at Locking Parklands, a partnership between Homes England and St Modwen, is set within a large, well-established area of open parkland on the edge of Weston-super-Mare. Once complete, Locking Parklands will deliver up to 1,450 homes, ranging from 1-bedroom apartments to 5-bedroom detached houses.
Avison Young has enjoyed a long, multi-discipline relationship with Homes England and St Modwen at Locking Parklands, including acting on land acquisition, planning and agency advice.