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  7. Lodders advises landowner consortium on promotion agreement

Lodders advises landowner consortium on promotion agreement

A consortium of landowners have been advised by Lodders’ Real Estate team on a promotion agreement for a 54-acre site

The Real Estate team at Lodders has advised a consortium of landowners on a promotion agreement for a 54-acre site in Daventry, Northamptonshire with property developer Godwin Developments.

Photo of James Leighfield, associate solicitor at Lodders Solicitors

Partner and head of Lodders’ Real Estate group Mark Miller and associate solicitor James Leighfield acted for the consortium of landowners on the land promotion agreement with the developer, Godwin Developments. Jeff Paybody from Howkins and Harrison acted as land agent for the consortium.

Promotion agreement

Known as ‘South East Gateway’, the land benefits from an existing allocation of 32 acres in the West Northamptonshire Part 2 Local Plan (2020) for industrial, logistics, and business uses. It is positioned off the A45 London Road at the south-eastern entry point into the town.

Godwin Developments intends to transform the land into an ‘institutional-grade employment hub with strong ESG credentials’ and plans to work closely with West Northamptonshire Council and local stakeholders as it works towards submitting a planning application for circa 500,000 sq ft of employment space in the first half of 2024.

Commenting on the service provided by Lodders, Fiona Dennett who is a landowner in the consortium said: “Thank you for all your hard work – the communication has been exceptional between us all.”

Lodders’ award-winning Real Estate group brings city expertise and impeccable client service. From strategic land acquisition to disposal, with expert advice throughout on planning, environmental, biodiversity, and construction matters, Lodders’ real estate solicitors are the first choice for many of our region’s most successful residential, commercial, and industrial developers; property investors; logistics companies; landowners, and owner-occupiers. For more information, click here.

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