Market Leads & Opportunities
New plans unveiled for £50m mixed-use scheme
Plans have been unveiled for a new £50m retail, office and leisure scheme at South Yorkshire’s largest ever brownfield mixed-use redevelopment. The project is expected to create hundreds of jobs.Property companies Dransfield Properties and Harworth Group have entered a joint venture agreement for the new 12-acre development at Waverley, Rotherham, located close to junction 33 of the M1.The scheme will incorporate a 24,500 sq ft food store; office space; a medical centre; a new hotel; 70,000 sq ft of further retail space; alongside a gym, restaurants and coffee shops.The development will formally link the renowned Advanced Manufacturing Park (AMP) and the residential area through a masterplanned retail and leisure development, incorporating 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. The brownfield scheme is already home to 600 homes and the AMP which includes businesses such as Rolls-Royce and Boeing.The next 15 years will see up to 3,400 further homes built, in addition to a further one million 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.
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