Peel Hall Sale by Savills Manchester Wins Top Award at NW Insider Property Awards
(IN BRIEF) The Savills Manchester development team has received the ‘Deal of the Year’ award at the North West Insider Residential Property Awards for their role in the sale of Peel Hall in Warrington. The award was shared among Savills, Countryside Partnerships, and Torus, who collaborated on the sale. Peel Hall, one of the largest land sales ever recorded in England, was acquired by Countryside Partnerships and Torus Developments in January of the previous year. The sale is expected to generate approximately £10 million in Section 106 contributions for the construction of a residential care home, restaurant/café, primary school, and more, potentially adding £150 million to the local economy.
(PRESS RELEASE) LONDON, 6-Feb-2024 — /EuropaWire/ — Savills (LON: SVS), one of the world’s leading property advisors, announces that Savills Manchester development team has been honored with the prestigious ‘Deal of the Year’ award at the North West Insider Residential Property Awards for their outstanding work in orchestrating the sale of Peel Hall in Warrington. The award was jointly earned by Savills, Countryside Partnerships, and Torus, who collaborated closely on the sale, receiving development consultancy guidance and agency support from the Savills Manchester team. This accolade was presented to the accomplished team in front of an audience of approximately 800 attendees at Manchester Central during an awards ceremony hosted by the multi-talented actor and former professional rugby player, Martin Bayfield.
Peel Hall, a significant land parcel, was acquired by Countryside Partnerships and Torus Developments in January of the previous year, marking one of the most substantial land sales ever recorded in England.
The sale of this site is expected to result in approximately £10 million in Section 106 contributions, facilitating the development of essential community assets, including a residential care home, restaurant/café, primary school, public open spaces, ancillary facilities, and supporting infrastructure. It is anticipated that this project will inject approximately £150 million into the local economy.
Ed Rooney, Director and Head of Development Land at Savills in Manchester, expressed his thoughts, stating, “The sale of Peel Hall represented the largest land deal ever achieved in the North of England and will bring long-term benefits to the local community for years to come. The deal was not only significant but incredibly complex, and this award is a testament to the hard work and commitment put in by the team to help secure much-needed new housing in Cheshire.”
The Insider North West Residential Property Awards serve as a platform to acknowledge individuals and businesses that have played pivotal roles in shaping, developing, financing, and managing the built environment within the region.
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First published in this link of EuropaWIRE.
