Clowes Developments (UK) Ltd in deal to purchase circa 47 hectare site at Didcot A power station
Clowes Developments (UK) Ltd has signed a deal with RWE npower to purchase circa 47 hectares of land on the Didcot A Power Station site in South Oxfordshire. The land has the potential to be redeveloped for a mixture of uses including commercial and residential, subject to the usual planning processes. Work on clearing the site has begun.
The site forms part of the former coal-powered Didcot A Power Station, which has been decommissioned over the past year. RWE npower will retain the remainder of the Didcot A site. Didcot B, a gas fired Power Station, is unaffected by this deal and will remain operational.
Steve Boughton, Head of Development for RWE npower, said: “We are pleased to have reached agreement on the sale of part of the Didcot A site to Clowes Developments. This disposal provides a fantastic opportunity to redevelop a substantial previously developed site close to the centre of Didcot. We wish Clowes every success and look forward to working together as neighbouring land owners”.
Chairman of Clowes Developments (UK) Ltd, Charles Clowes, said: “I am delighted that we have been able to agree this land deal, which will see the derelict site being transformed to bring new jobs and housing to the area. I look forward to working closely with our development partners, Graftongate, to make best use of this prime site.”
The site includes an existing rail link and access agreement on to the West Coast Main Line, which will be of significant benefit for some of the companies looking for commercial development at this location.
Graftongate Director, Phil Silk, commented: “We aim to work effectively with all stakeholders to deliver a best in class scheme to benefit Didcot and the wider Oxfordshire economy.”
The value of the deal cannot be disclosed due to commercial confidentiality. Legal support for Clowes Developments (UK) Ltd was provided by Flint Bishop Solicitors of Derby.
Handling the legal aspects of the deal was Flint Bishop’s Commercial Property partner, Heather Dixon, assisted by partner Christine Owen and solicitor Alex Parkes.
Heather said: “This is an exciting development opportunity which required a pragmatic and proactive approach by all parties to balance the requirements of both Clowes and RWE.
“Whilst it is important that Clowes has the flexibility to develop the site for commercial and residential purposes, RWE wish to protect the continued use of Didcot B and possible future development of the adjacent land for power generation.”