Cot Hill is a new settlement of 1,100, being created adjacent to the village of Llanwern in Newport, Wales.
Sited on a topographically challenging greenfield site to the east of Newport, we acquired an option over the site in 2005. After extensive technical work, planning consent was granted in the middle of 2017. In addition to the sloping nature of the site, significant drainage and highway issues needed to be addressed.
In this instance, as opposed to servicing the site and disposing of land in serviced parcels, we were able to optimise value by way of a single transaction to Redrow at the end of 2017. As a result of the extensive investigation works and the advanced nature of the highway and drainage schemes, we were able to de-risk most issues giving Redrow the confidence to invest in the whole development.
Works are now well underway and residents are moving into a very high quality development.