IN BRIEF

18 January 2002

IN BRIEF

&#8226 LATEST figures from the Welsh National Assembly reveal that the average value of land and buildings sold in the first quarter of 2001 was £2712/acre, significantly above the £2023/acre recorded during 2000.

&#8226 FPDSAVILLS has finally sold Lubstree Park Farm, near Telford, launched in May of last year. Agent Tony Morris-Eyton says contracts were exchanged in December.

The property, home to a successful soft fruit enterprise, failed to attract buyers with the working capital necessary to continue the venture and was relaunched in September as a residential and arable holding.

This grabbed the attention of a Cheshire farmer who came up with the £1.4m guide price and now plans to run the farm as an arable concern. &#42