Dransfield Properties has signed a joint venture agreement with Harworth Group to develop a new £50M retail, office and leisure development at Waverley, Rotherham in Yorkshire, UK.
The new project is a key part of the strategic regeneration of the 740-acre Waverley development.
It will link the famous Advanced Manufacturing Park (AMP) and the residential area through a master planned retail and leisure development, incorporating community facilities.
The new development will feature a 2,276 sq m food store, 6,500 sq m of retail space, and a gym as well as restaurants, coffee shops, and landscaping and public realm including multi jet fountains and 470 car parking spaces.
Dransfield Properties’ managing director Mark Dransfield said: “Waverley is an exciting new business and residential community and we have a great opportunity here to create a really unique retail and leisure environment. With the combined experience and knowledge of our two companies we are confident we can deliver a really special scheme which answers the needs of this growing community and the region.”
Harworth Group CEO Owen Michaelson said: “Delivering the local centre is the final piece of the jigsaw in delivering the sort of additional facilities to those that either live or work at Waverley demand. I expect the quality of the centre to exceed those expectations and will deliver something we can all be proud of at this nationally important development.”
A planning application for the project is set to be submitted in the spring.
Harworth Group is the landowner and developer of the site, which is already home to 600 homes and the AMP. The next 15 years will see up to 3,400 further homes built in addition to a further 92,903 sq m of manufacturing space to further grow the AMP.
* Data provided by Timetric's Construction Intelligence Center.