Joint venture to deliver £50m retail and leisure scheme
Property developers are teaming up to deliver a £50m mixed-use scheme in South Yorkshire promising “hundreds” of jobs.
Dransfield Properties have partnered with Harworth Group to deliver a joint venture project at Waverley near Rotherham.
The £50m retail, office and leisure scheme will be part of one of Yorkshire’s largest brownfield mixed-use developments, which includes the Advanced Manufacturing Park.
The planned centre will include 24,500 sq ft supermarket, office space, a transport hub as well as a new hotel, a gym and 70,000 sq ft of retail space.
The 12-acre development is part of the wider 740-acre Waverley site, formally linking the AMP and the residential area through a ‘masterplan’ which includes the new retail and leisure development.
The AMP houses firms including Rolls-Royce and Boeing and it will be adding a further 1 million sq ft of manufacturing facilities. Another 3,400 homes will also be developed to serve the site and surrounding areas in the next 15 years.
A planning application is scheduled to be submitted in Spring 2017.
Mark Dransfield, managing director of Dransfield Properties, said: “This is a really exciting project to be involved with. We are delighted to work alongside Harworth, bringing our team’s experience and knowledge of delivering retail developments to this new community.
“Waverley is an exciting development which has great potential for creating a high-quality retail and leisure environment, designed to support the growing community and the wider region. We look forward to being a part of this project.”
Owen Michaelson, chief executive of Harworth Group plc, said “We are delighted to partner with Dransfield for this significant development on our flagship site, given their track record across the UK and their absolute focus on quality.
“We expect the local centre to become central to the Waverley community, as it co-joins the AMP and the residential area, offering a range of essential facilities and bringing hundreds of job opportunities to the region.”
Dransfield Properties, which has just opened the company’s flagship Fox Valley development in north Sheffield on a former steelworks site.
