Hartley Wintney: Coffin Mew advises £11.8m land deal

South coast law firm Coffin Mew has completed a deal for an offshore client involving the sale of residential development land in Hartley Wintney to Barratt and David Wilson Homes for £11.84 million.

Peter Fellows and Luc Algar from the Commercial Property team at Coffin Mew led the transaction.

Construction has now commenced on site and it is expected that the first phase of residential dwellings will be completed by March 2011.

Algar said: “The success of this deal hopefully indicates a greater optimism for new build residential development. That should be great news for landowners, developers and homebuyers.

“The property development market, however, is still cautious; therefore in the current market clients are even keener to complete transactions ‘ASAP’. Consequently we must provide a very high service level to ensure the timely completion of any transaction - and we’re not aiming to disappoint.”