Sarah Townsend
The housebuilder has acquired a 36-home project in Wrea Green out of administration, after its previous developer Hollinwood Homes collapsed in 2019.
The part-built site lies to the west of Bryning Lane in the Fylde coast village in Lancashire. Hollinwood had begun building the development of luxury family homes known as Parkwood Chase, but appointed administrators at PWC in October 2019 causing the scheme to stall.
Elan Homes declined to reveal the purchase price and said the site had been marketed by Landwood Group on behalf of the administrators. Cheshire-based Elan said it plans to restart construction in the coming weeks and release the first homes for sale in the summer.