Former Colyton factory site sold for redevelopment
PUBLISHED: 14:30 10 July 2017 | UPDATED: 09:32 14 July 2017
Homes and Communities Agency bought the site for an undisclosed price.
A former factory site in Colyton has been sold to the Homes and Communities Agency (HCA) for an undisclosed price.
The predominately brownfield site was formerly owned by CeramTec, which purpose-built the premises in the 1950s for the processing of china clay and the production and distribution of ceramic components for electrical equipment.
The site has been vacant since the closure of the factory in 2015.
The HCA is aiming to work with the local community, East Devon District Council and other partners to secure the successful redevelopment for employment and residential uses.
Sam Gammon from the HCA said “We look forward to working with the local community in formulating ideas as to how the site can be redeveloped.
“Key to this will be how local shops, schools and facilities can be supported through the delivery of high quality new homes and local employment opportunities.”
Councillor Phil Skinner, East Devon District Council’s portfolio holder for economy, said “The district council has a well-established partnership under way with the HCA and we have already begun to work closely together to create a new mixed-use scheme that will provide homes and opportunities for jobs.
“Working together in this way will ensure the site provides the best mix of housing and employment to meet local needs”.
The Exeter office of international property consultancy, JLL, advised CeramTec on the sale.
Henri Steinmetz, CEO of CeramTec, said: “We used to employ 80 to 100 people in the village, which was an absolute privilege and we were very sorry to have to close production in 2015.
“It was important to us that a buyer was found who would honour the existing commitment to creating employment space on the site.
“With the HCA on board as the new owner of the land, we feel confident that new life will be breathed into this part of the village, with new jobs created for the local community.”
Andrew Hector, director at JLL in Exeter, added: “We are very pleased to have achieved a successful outcome for CeramTec and, at the same time, identified a buyer with the interests of the local community in mind.”