Leading property companies Dransfield Properties Ltd and Harworth Group Plc have announced a joint venture agreement to deliver a new £50 million retail, office and leisure scheme at Waverley, Rotherham – home to Yorkshire’s largest ever brownfield mixed-use redevelopment.
The new 12-acre development is a key part of the strategic regeneration of the 740 acre Waverley development, just two minutes from Junction 33 of the M1. The planned high-quality local centre is expected to bring hundreds of new jobs to the region and will deliver:
- A 24,500 sq. ft. food store
- High quality office space
- Medical centre
- Transport hub
- A new hotel
- 70,000 sq. ft. of further retail space
- A gym as well as good quality restaurants and coffee shops
- 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, incorporating much-needed community facilities.
Shops, restaurants and cafes will be set around a central car park area with a good mix of independent and national names. There will be high quality office space created above the retail units as well as attractive walkways, landscaped piazza areas with water features and a “town square” where regular Farmers’ Markets can be held.
A planning application is scheduled to be submitted in Spring 2017 and will include a transport hub for 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.
This is the latest phase of Waverley’s development. Yorkshire’s leading brownfield development is already home to 600 homes and the AMP which includes world-leading firms including Rolls-Royce and Boeing. The next 15 years will see up to 3,400 further homes built, in addition to a further 1m sq. ft of manufacturing space to further grow the AMP.
It also marks a further high-profile development for Dransfield Properties, which has just opened the company’s flagship Fox Valley development in north Sheffield on a former steelworks site. It has also won a number of awards for similar developments elsewhere, including a BCSC Gold Award for its Marshall’s Yard scheme in Gainsborough, Lincolnshire.
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.”