A joint venture between Linden Homes, the housebuilding division of construction firm Galliford Try, and UK-based Wates Developments, has purchased a 40 acre (16 ha) site in Bricket Wood, St Albans from Europa Capital and St Congar Land.
The site comprises both greenfield and brownfield land, and has planning consent for the construction of 138 homes.
'Having secured planning permission for a significant number of new homes at Bricket Wood, which is in accordance with national policy of maximising development capacities on brownfield sites, we are pleased with this subsequent sale to a high-quality developer who will deliver the vision,' said Hugo Black of Europa Capital.
'The asset was part of a strategic land platform, which has so far achieved residential consent for 3,863 units across the south of England, and is in turn helping toward alleviating the national housing shortage,' Black added.
A real estate fund manager focusing on European markets, Europa Capital is a member of Rockefeller Group International, a subsidiary of Mitsubishi Estate.
