Plans to convert former Victorian wool warehouse into apartments given green light

Plans to convert a former Victorian wool warehouse into apartments have been given the green light in Newark.

JYD Holdings has been given the go-ahead to create 39 residential units, a new courtyard, co-working spaces and a yoga studio at the site on Victoria Street.

Work on the scheme is scheduled to begin in August 2022 and end in December 2023.

The developer secured planning permission after sealing a multi-million-pound deal for the building, which has also served as a bricklaying workshop, a training school and a pine manufacturing site in times past.

East Midlands law firm Nelsons advised JYD on the acquisition.

Jinny Yang, founder and managing director of JYD Holdings, said: “We are incredibly excited to have the opportunity to renovate this former unused warehouse into stylish, one-of-a-kind apartments, bringing this beautiful building back to life and rejuvenating its unique character.

“Aimed primarily at young professionals, this is our first project in Newark-on-Trent and we are thrilled with the designs that have been approved. A unique selling point is that the building will feature a communal co-working space and a yoga studio for the residents, giving them an area perfectly designed to suit the remote ways of working that many of us have adopted.”

Paul Hinchliffe, commercial property partner and solicitor at Nelsons, said: “After sitting vacant for several years, it will be great to see this unused warehouse receive a much-needed new lease of life. Jinny’s plans for the building will provide a truly unique offering for the area and it has been a pleasure working with her and JYD Holdings to bring this deal to fruition.

“I’d like to wish them all the best as they embark on this exciting conversion – we cannot wait to see the finished results.”