Gregory buys out partner on Yorkshire scheme

DEVELOPER Gregory Property Group has acquired its partner’s interest in the redevelopment of Halifax’s Broad Street site. 

An approach by Leeds-based Gregory led to Miller Developments disposing of its shares in Miller Gregory (Halifax).

In addition, Gregory has acquired Netto’s large store, trading until earlier this year, on the corner of Orange Street and Broad Street.

The move concludes the land assembly process in the area which has previously seen the Star Inn purchased and a development agreement agreed with Calderdale Metropolitan Borough Council, in respect of the Broad Street Car Park.

The £50m project will transform central Halifax when it completes in late 2010 bringing leisure and commercial facilities to the town. These will include a multi-screen cinema, 100-bed hotel, 10 pin bowling, restaurants and multi-storey car park as well as 30,000 sq ft of office space.

The project will be privately funded.

Miller Gregory was appointed preferred developer in 2003 following a lengthy selection process by Calderdale Council. The two companies had previously worked together to develop Whitehall II in Leeds.

With detailed planning permission on the Halifax scheme expected shortly it means that work will start in February. Long term finance for the scheme is being arranged and discussions are underway with a number of parties.

Earlier this year the developer announced a deal with Vue Entertainments to operate the cinema, which will effectively anchor the leisure content of the Plaza.

The Gregory Group is currently engaged in letting space at one of the largest retail parks in the North, Foss Islands in York.