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Report: St. Modwen to sell 3rd phase of regeneration scheme in Essex, UK

islooking to sell the third phase of its regeneration scheme in Essex, U.K.,according to a report from Property Week.

Thesite is part of a 30-acre regeneration of a former Ford factory in South Ockendon and has planningconsent for 650 residential units. The first phase of the site was sold toPersimmon Homes in November 2012, as reportedpreviously.

Thethird phase comprises a five-acre site, being marketed by Savills, and hasconsent for up to 99 new homes. Following the sale, another 11.7-acre phasewill be marketed, the report said.