Homes could soon be built on a former university site in Leeds, as the housing market shows signs of a sustained recovery.
DTZ has completed the sale of the second phase of the former Bodington Hall student halls of residence in Adel, north Leeds, on behalf of the University of Leeds. The financial details have not been disclosed.
The buyers are David Wilson Homes, who completed the acquisition of the first phase of the Bodington Hall complex earlier this year. David Wilson Homes plan to redevelop the site as an extension of their Bodington Manor Development, with a mix of four and five bedroom detached homes. David Wilson Homes recently submitted a planning application and the site, which was vacated in December 2012, is available for immediate development.
Phil Roebuck, the DTZ Leeds director, who led the sale, said: “This is a prime development site which will form a natural extension to Bodington Manor. It was no surprise that this site generated huge interest and an excellent price. David Wilson Homes’ acquisition of a second phase is further evidence of the improving market.”