Story Homes completes land deal for potential £24m development
CUMBRIAN construction firm Story Homes has completed a land deal which could be worth more than £20m.
The firm - which is based in Kingstown, Carlisle - has bought 7.5 acres in Clitheroe, Lancashire, with planning permission for 91 new homes.
This land is set within an 11 acre site in the town, the rest of which had already seen construction work by Story Homes.
The deal was completed by property investment company the Strategic Land Group, which has stated that the site has a "gross development value" of £24m.
David O’Reilly, Story Homes’ land and planning director, said: “This is a significant development for Story Homes and it will deliver much needed family housing ranging in size from two to five bedroom homes.
“We’re really excited about this development."
Story Homes was set up in 1987 by Fred Story.
The firm has a number of major developments underway in north Cumbria.
These include Crindledyke Farm on the northern edge of the city.
Others include: The Ridings at Durranhill in Carlisle; Eden Gate at Houghton; Edenholme Park at Cumwhinton; St Andrew's View at Thursby; The Oaks at Clifton, near Penrith; Orchard Place, Appleby; The Grange, Dalston; and The Meadows, Lazonby, near Penrith.