The 16-acre plot in Benthall Grange, Shropshire is home to Harworth’s mixed-use development on the site of the former Ironbridge Power Station.

This represents the second phase of Harworth’s regeneration of the site and follows the sale of nine acres to Barratt and David Wilson Homes Mercia in December 2022.

Nearly a third of the total plots available have now been sold.

Taylor Wimpey plans to develop 200 homes in addition to the 110 units already planned for development by Barratt and David Wilson Homes.

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“This transaction highlights the continued appeal of our serviced land to housebuilders, enabling them to quickly execute on their own delivery plans to create new homes in highly desirable communities,” said Lynda Shillaw, CEO of Harworth.

“It provides a clear example of how, as a master developer, we are able to create and release value through our extensive landbank to fund our industrial and logistics development programme supporting our ambitious growth plans to reach £1bn EPRA NDV by the end of 2027.”

Harworth secured planning for regeneration of the Ironbridge Power Station in September 2021, having acquired the 350-acre site in June 2018.

In addition to over 1000 new homes, the development aims to include a retirement village and up to 200,000 sq ft of employment space. Community amenities will include a new primary school, allotments and sports pitches.

The scheme is expected to be delivered by 2030.