Acting on behalf of East India Trading Company 1998 Ltd, Bruton Knowles has sold a 6.9-acre site on Park Lane, Halesowen, to the Homes & Communities Agency (HCA).
The HCA is proposing to build up to 70 new homes on the former disused industrial site in Cradley Heath.
The site formerly housed a number of commercial premises, which were demolished in the early 2000s following a fire.
Ian Mercer, partner and head of development at Bruton Knowles in Birmingham, advised the vendors. He said: “This brownfield site is typical of the Black Country but its location and secluded position, with views towards Clee Hill and Clee Stanton, meant it was prime for residential development.
“We welcome the HCA’s commitment to spearheading urban regeneration and providing much needed new homes in Cradley Heath and the Black Country. This is a classic example of how brownfield sites can be redeveloped to help meet local housing needs.
“With the Government seemingly committed to tackling the housing supply shortage by enabling more homes to be built on brownfield sites, the HCA’s acquisition of is a strong signal of intent.”