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Contracts exchanged for sale of Welsh Government owned residential development
Edward Ng - April 27, 2015

The Welsh Government has announced that contracts have been exchanged for the sale of 98 acres of land to leading housebuilder Persimmon Homes to build 590 new homes on a prime residential development on the outskirts of Bridgend.

The land is primarily earmarked for residential development, including affordable housing, while some land is earmarked for public open space, landscaping and buffer zones.

Improvements in the housing market over the last 12 months meant there was strong interest in the site and following a competitive bidding process, contracts have now been exchanged with Persimmon Homes Limited which has already built 396 houses at Parc Derwen that include a mixture of high quality two, three, four and five bedroom homes.

Economy Minister Edwina Hart said:

“Releasing this site to the market will allow developers to deliver much needed housing, including affordable provision, in line with the existing planning consent. The development of the site is also anticipated to support some 75 full time construction jobs over five years.”