Business
Planning secured for £50m Waverley development
Planning secured for £50m Waverley development.
About this update from Harworth Group Plc
[{"type":"text","content":"\n \nRNS Number : 7690U Harworth Group PLC 27 October 2017 \n\n27 October 2017\n \nHarworth Group plc (\"Harworth\" or the \"Company\")\n \nPlanning secured for £50 million retail, leisure and community centre at flagship Waverley development\n \n- Demonstrates further momentum at Waverley following residential land sales and new lettings at the Advanced Manufacturing Park in Summer 2017 -\n \nHarworth Group plc, the brownfield regeneration and property investment specialist, has received planning approval from Rotherham Council for a major retail, leisure and office scheme that will act as the local centre of its flagship 740 acre mixed use development at Waverley, Rotherham. This new phase is further evidence of the Company's success at placemaking which has seen it transform a reclaimed former industrial site into a thriving residential and business community. On completion Waverley will provide circa 4,000 homes and over 2m sq. ft. of leading employment space at the world renowned Advanced Manufacturing Park (AMP).\n \nThe local centre will involve the delivery of over 190,000 sq. ft. of mixed-use space that will be developed by Waverley Square Limited, a joint venture between Harworth Group plc and Dransfield Properties Ltd.\n \nThe scheme will include:\n· Healthcare and new community facilities, including a new bus station\n· Up to 99,000 sq. ft. for a new foodstore and retail space \n· High specification office space covering 38,000 sq. ft.\n· Restaurants, coffee shops and a gym \n· A car park with up to 500 customer spaces as well as a separate staff car park. \nDevelopment is expected to take around two years to reach full build out, with construction work due to begin in Spring 2018. On completion it will act as central hub, linking the AMP and the growing residential development at Waverley, which currently comprises over 700 homes.\nMomentum at the 20 year regeneration scheme continues to grow. At the AMP, Harworth secured a 20 year pre-let to leading sports car manufacturer McLaren Automotive in July for a brand new 75,000 sq. ft. unit, joining other major employers including Boeing, Rolls-Royce and the University of ...