Redevelopment set to start on 1960s high-rise apartments
A DEVELOPER has acquired two Keighley high-rises and is planning on redeveloping them to attract young professionals to the area.
Nottingham-based developer Arran Bailey of ALB Investments bought the Parkwood Rise apartments.
He has now been given the go-ahead to redevelop the blocks, Leylands House and Delph House, into 190 one and two bedroom apartments.
The project is expected to take 18 months and will start in March 2016.
Shazad Mahmood at Eddisons facilitated the initial sale.
It followed an appraisal by Bradford-based social housing provider Incommunities into the blocks in a period of falling demand for homes in the area.
Managing director at ALB Investments, Arran Bailey, said: “This project will breathe new life into Keighley and we are confident that once the regeneration is complete, it will help the area turn a corner and offer a positive future for the local community and economy.
“The apartments will be high specification and targeted at young professionals to increase footfall to the area and boost the local economy, the apartments have such amazing views of beautiful countryside and it only seemed right to regenerate the blocks to match the surrounding landscape, we are delighted to have the opportunity to carry out this project.”
Main contractor headoffice3 have designed the changes to the apartments, and have handled all compliance issues.
Chief exeecutive at headoffice3, Glen Harding said: “We are delighted to have been chosen as the main contractors for a project that we believe will offer such a fantastic regeneration to the local community.
“We are committed to using local labour and will be working with local companies and agencies to carry out the work to a high standard within the next 18 months to create an environment that will attract young professionals and white-collar commuters to the cities of the Northern Powerhouse.”
Associate director at Eddisons, Shazad Mahmood said: “We had a significant amount of interest in both blocks, receiving in excess of ten bids and are delighted to have secured a great result on behalf of our valued client. It has been fantastic to see a developer with such ambition and his plans for the site are fantastic.”
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