SMB Group Announces the Sale of Its Spinney Site to Bloor Homes

( | Press Release | 2020-12-15 11:41:48 )
The SMB Group is pleased to announce the sale of its Spinney Campus to locally based national homebuilder Bloor Homes.

Contracts for the sale were exchanged last week and this signifies a major step forward in the future development of the site which achieved outline planning permission earlier this year.

SMB Group’s Chief Executive and Principal, Dawn Whitemore, hailed this as a significant boost for the college, which was formed by the merger of Brooksby Melton and Stephenson Colleges just under a year ago. She said:

“I am delighted we have been able to secure this sale with such a well-regarded housebuilder as Bloor Homes. This is not only some good news that we could all do with at this time but moving forward will enable the College to continue to invest in its ambitious property strategy, providing relevant, innovative, and sustainable facilities that will help our learners to meet the skills and challenges of an ever changing industrial and agricultural landscape.’’

Mike Kelly, Regional Managing Director of Bloor Homes East Midlands commented:

“After working closely with the SMB Group and Rigby & Co, I am delighted that contracts have been exchanged for the Spinney Campus and that a joint reserved matters application has been submitted for 70 new dwellings.

“We are looking forward to building homes in 2021 that will complement the village, whilst bringing much-needed housing to the area.”

SMB Group advisor, Russell Rigby, Managing Director of Rigby & Co added:

“This is a great outcome for SMB Group. We promoted the site to the market in the depths of the first lockdown period, hoping for a fairly rapid and successful outcome and we are really pleased we were able help bring about a successful conclusion to this part of the transaction process.

I would particularly like to pay tribute to all the advisors on both sides who have worked very hard during what are still unpredictable times.”

Rigby & Co is a dynamic commercial property consultancy serving Derby and the wider Midlands. The company offers advice on commercial property estate agency and regeneration and development consultancy matters.

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