Geldards advises Wise Living on the sale of Amber Drive residential development to Keepmoat

Geldards has successfully advised build-to-rent developer Wise Living on the sale of Amber Drive residential development site, to major housebuilding partner Keepmoat.

The brownfield site, next to a railway line in Langley Mill, Derbyshire, sat disused for a number of years before a £1.3 million funding injection, from East Midlands Combined Authority to Keepmoat, kickstarted the project.

The £25million residential scheme to be built by Keepmoat will comprise 119 energy-efficient houses and apartments and provide much-need rented housing for the local community.

Geldards Commercial Property team advised Wise Living on all legal aspects of the sale, led by Partner Heather Dixon and supported by Solicitor Sarah Jackson.

Commenting on the deal Heather Dixon said:

“Geldards is pleased to have advised Wise Living on the sale of Amber Drive to Keepmoat. With excellent connectivity in the heart of the East Midlands, the site offers a superb opportunity for Keepmoat to create a new build-to-rent neighbourhood. This site created some technical and planning challenges, and the scheme will include the remediation of brownfield land. It was a pleasure to work alongside all those involved and we are delighted to have helped bring this development opportunity to fruition.”

Mark Gratton, Consultant, Wise Living added:

“It was great to work with the Geldards team, the site isn’t without it’s challenges and it has taken a huge effort from all parties to get this deal completed. The team have been quick to react throughout the project and key to helping us getting the deal over the line.”