Dransfield Properties Ltd and Harworth Group Plc announce joint venture to deliver £50M retail, office and leisure scheme.
Dransfield Properties Ltd and Harworth Group Plc have announced a joint venture agreement to deliver a new £50M mixed-use scheme for South Yorkshire. The 12 acre retail, office and leisure scheme at Waverley, Rotherham, is a key part of the strategic regeneration of the 740 acre Waverley development, Yorkshire’s largest ever brownfield mixed-use redevelopment.
The Waverley development is just two minutes from junction 33 of the M1. It will deliver a 24,500 sq ft food store, high quality office space, a medical centre, transport hub, a new hotel, a gym, restaurants, coffee shops, 70,000 sq ft of further retail space and 470 car parking spaces.
The development will formally link the internationally renowned Advanced Manufacturing Park (AMP) and the residential area through a masterplanned retail and leisure development.
The much-needed community facilities will include a variety of much needed indendant and national named shops, restaurants and cafes. The development will see attractive walkways, landscaped piazza areas with water features and a “town square” where regular farmers markets can be held.
In Spring 2017, the planning application will be submitted for a transport hub in Rotherham to improve connectivity to the region as well as a hotel and a new medical centre to serve the growing business and residential area.
The leading development already has 600 homes and the Advanced Manufacturing Park, which included firms such as Rolls-Royce and Boeing. In the next 15 years, there will be a further 3,400 further homes built, in addition to a further £1M sq ft of manufacturing space to further grow the AMP.
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.”
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