shoplus
Search

Harworth completes £53.5m Warwickshire deal three years in the making

2025-04-05 00:55:00 By

M2 Education Ltd has been acquired by Humly

Regeneration specialist Harworth has sold a 278-acre strategic land site in Warwickshire in a £53.5m deal first agreed three years ago.

The Rotherham-based group has offloaded its Ansty site having exchanged contracts with Rugbyalpha (Freeholdco) Limited, SDI Propco (100) Limited, in December 2021 with the sale having been conditional on the granting of hybrid planning permission of the site. Harworth says it intends to put the proceeds of the sale into infrastructure works and development across its 9.6m sqft consented industrial and logistics pipeline.

The Ansty site is adjacent to Junction 2 of the M6. Land there was first acquired by Harworth in autumn 2019, with the site valued at £23.9m in June 2021. The group said this deal demonstrated its ability to “unlock significant value from low value land”.

Lynda Shillaw, chief executive at Harworth, said: "The Ansty transaction demonstrates Harworth's specialist ability in creating value from strategic land assembly which, alongside the strength of our balance sheet, enables us to take a longer-term view and develop the right schemes for our sites. Collaboration and partnership are key to unlocking schemes like this and we have worked closely with a number of different stakeholders on this project, including the purchaser since exchange of contracts, ultimately enabling us to accelerate delivery of the site.

"Our ability to identify and unlock significant value from strategic land is a key factor in Harworth's outperformance and we continue to identify and acquire strategic sites like Ansty to support our ambitious growth targets.

hot iconTop-rated Choice
Commercial Property2025-04-05 00:55:00

Ardent relocates Birmingham team to new base

A development consultancy has relocated its Birmingham team to a new home in the city. Ardent, which specialises in land, consent management and stakeholder engagement, has moved to Northspring in Temple Street from The Colmore Building. The firm works on consenting and delivering projects across the transport, renewables, utilities and regeneration sectors. It employs around 50 staff in Birmingham and 200 across its portfolio of offices in London, Leeds, Warrington, Dublin and Glasgow. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Group managing director Jonathan Stott said the move was part of the company's wider growth strategy and to offer the best possible working environment to colleagues. He said: "We support the delivery of some of the most important developments across the UK through the expertise of our people across all of our teams. "It has led to very strong growth over the past couple of years and we are planning to grow the team even further in Birmingham and across our other locations too. "Northspring offers us a fantastic space for the team to be able to come together in one place, to collaborate and to offer the very best service to clients.

Commercial Property2025-04-05 00:55:00

Decision delayed on Manchester office block plan amid debate over historically significant Victorian building

Councillors have postponed their decision on plans for an office block in Manchester's Northern Quarter amid debate over the demolition of a historically significant building. Developers Soller Nine are hoping to demolish some buildings within the block bordered by Lever Street, Great Ancoats Street, Little Lever Street, and Houldsworth Street, near the Bem Brasil restaurant. They plan to replace them with an 18-storey office block boasting 180,000 sq ft of floorspace, reusing some facades as entrances. The developers claim this will contribute £34 million to Manchester's economy. Some structures on the site date back to 1781, while others are from the Victorian era. The developers argue that 'a number of buildings' on the plot 'are unsafe, as demonstrated by the partial collapse in May', necessitating their demolition and redevelopment. However, heritage groups have criticised the plan. The Victorian Society contends that the demolition would cause 'significant harm', as it would result in the loss of 'the former Land O' Cakes Public House', which 'played an historically significant role as the founding place of the world's first working-class party, The National Charter Association in 1840', according to a council report. "It, therefore, is not only greatly important to the history of working-class culture in Manchester but nationally as well as internationally significant," the report adds, reports the Manchester Evening News. The report had initially concluded that the economic and public benefits would surpass the loss of heritage buildings, recommending councillors to approve planning permission at the Thursday (December 19) meeting. However, the committee has opted to postpone their decision to further assess what Manchester might lose. "I am concerned we seem to be saving the facades of two buildings, but not actually the ones with a link to Manchester's residents, the residential aspect on Houldsworth Street," Coun Angela Gartside said during the Town Hall meeting. "I know the area, I know it's been in decline and it's a useful development to have, to bring in that business. But I think it's important [to say] that it's not one or two buildings that are important, it's the normal, working-class, everyday buildings that are important too." The councillors will now conduct a site visit before the next planning meeting scheduled for late January, where they are expected to reach a final verdict on the application.

Commercial Property2025-04-05 00:55:00

£2m boost from Metro Mayor's office to revamp town centre - promising economic growth and new jobs

The Huyton Village regeneration project has received a significant boost with a £2m investment from Metro Mayor Steve Rotheram's office. This funding forms part of the ambitious £163m Huyton Village scheme, which is set to bring numerous economic and social benefits to the town centre and wider Knowsley area. The plans aim to revitalise Huyton's town centre by introducing a blend of leisure, retail, residential, and office spaces. The initial phase will concentrate on creating 72 affordable homes, a 130-bed hotel, commercial office space, a community hub and library. The proposal includes the demolition of old council buildings, freeing up nearly seven acres of land for future development. The Huyton Village project is projected to generate £62m for the local economy and will continue to evolve, according to the Metro Mayor's office. They also confirmed that further phases will soon be initiated, including more commercial space and an additional 300 new homes. The £2m from Liverpool City Region's combined authority will fund the purchase and refurbishment of properties on Cavendish Walk, with further plans to create temporary office space for relocated council staff. This will facilitate the development of a new, modern 'village green' and energy-efficient office building, including the seven-storey Huyton Municipal Building. , reports the Liverpool Echo. Steve Rotheram expressed his enthusiasm for the project and said: "We've shown in Kirkby and Prescot what we can achieve when we work together-and now it's Huyton's turn." He continued: "This investment isn't just about new buildings - it's about creating homes, green spaces, and better facilities that will bring jobs and businesses back into the town centre." As part of the plans, the Cenotaph will be relocated to a new village green. A cutting-edge transport hub will be constructed at street level to replace the current multi-storey car park, featuring electric vehicle charging points and secure cycle storage. This element of the project will be funded through a bid to the City Region Sustainable Transport Settlement. Knowsley Council Leader Cllr Graham Morgan added: "We're delighted to have the support of the Combined Authority to drive this transformative project forward. This is a huge step in our plans to deliver lasting economic and social benefits to Huyton and the wider region."

Commercial Property2025-04-05 00:55:00

Angry residents told their objections to controversial office-to-residential plans are 'not applicable'

Residents living near the Sale Point office block in Sale have been told that their objections to its conversion into 80 apartments 'are not applicable'. The locals, who live adjacent to the six-storey building on the A56 Washway Road - a key route from Altrincham into Manchester - argue that the development will exacerbate existing traffic and parking issues. They have also expressed concerns about the ability of local schools and doctors' surgeries to accommodate the influx of new residents. The plans to transform the 1970s building are currently under review by Trafford council's planning officers. However, as the conversion falls under 'permitted development' regulations, the decision will be made by planning officers, not the borough's planning committee. The final decision is still pending. In this week's committee meeting, a separate application was approved for the replacement of all windows and frames at Sale Point, additional window openings, and the installation of Juliette balconies, seemingly paving the way for the eventual approval of the conversion. Despite this, 15 letters of objection were received from neighbouring residents, highlighting concerns over the impact on the highway network, local services such as doctors' surgeries and schools, and ongoing parking issues. Nevertheless, a report to the committee stated that the applicant, Blueoak Estates Ltd's plan, was 'in line with local, regional and national policies', reports the Manchester Evening News. "The proposal is considered to have been designed appropriately and will not have any unacceptable impact on the amenity and quality of life of adjacent residents," the statement read. Trafford's major projects planning officer, Sarah Lowes, informed councillors of a 'separate and pending' change-of-use application from office to residential that falls under 'nationally set permitted development rights', which officers have 'fully delegated' authority to decide upon. Councillor Simon Thomas highlighted that the ongoing use of the building wasn't being scrutinised by the planning committee. "I can see no reason, without much debate, why we can't agree with the officers' recommendation to approve it," he said. Councillor Mike Cordingley concurred, but added: "I can understand why the residents feel that the planning system isn't working for them. I can see why they've objected. Those objections are not applicable to this application, and so we're doing the right thing by allowing it. "But that doesn't remove the feeling of unease that this is not working for them and that they've got an opinion that needs to be heard. I'm just putting it on record, that I hear what they're saying." During discussions earlier in the day with the Local Democracy Reporting Service, residents expressed their concerns. A resident of Westbourne Grove, who chose to remain anonymous, said "The major issue here is around parking. There are not going to be anywhere near enough parking spaces for the people living in that block." Discussing past difficulties before residential parking permits and a two-hour waiting restriction were introduced, they said these measures were necessary due to 'a lot of problems'. Another local voiced frustrations, commenting: "The traffic around here is horrendous. We feel like we are prisoners here sometimes." Residents from surrounding streets including Westgate, Walnut Grove, Barkers Lane, and St Mary's Road also lodged complaints. A Westgate inhabitant was apprehensive about privacy, stating: "We will be overlooked directly by the apartments. They will be able to look directly into our rooms and gardens. There will also be an increase in illegal and obstructive parking. "There are already difficulties getting out of the Barkers Lane/Washway Road junction. There is also limited capacity for local schools and GPs."

Commercial Property2025-04-05 00:55:00

Holiday Inn proposes major redesign for Hull property

Holiday Inn has lodged plans for a revamp of their hotel at Hull Marina. The proposals, submitted to Hull City Council, outline changes to several areas of the hotel, including the bar and restaurant area, conference facilities, and parts of the building's exterior. The aim is to enhance the visual appeal of the approach to the 100-room hotel. The modifications are planned in conjunction with the A63 improvement works, due for completion in May 2025. Due to these changes, the Eastern approach to the hotel has been eliminated, meaning vehicles will now only be able to access the hotel from the West. However, pedestrians can still reach the hotel from the East and city centre via the Princes Quay Bridge. Upgrades will be made to the existing outdoor seating and furnishings, parasols, and glazed screens along the boundary line with planters to match dockside architecture. The plans also reveal the hotel's intentions to remove the fitness suite and meeting room provision and replace the current glazed balconies. Major improvements are also planned for the reception and walkway into the hotel. The hotel's courtyard is also set for a makeover, including enhanced lighting and landscaping, and the installation of a decked terrace, reports Hull Live.

Commercial Property2025-04-05 00:55:00

Landsec buys majority stake in Liverpool One shopping centre for £490m

Property giant Landsec has acquired a controlling stake of 92 per cent in Liverpool’s largest shopping destination, Liverpool One, as part of its strategy to expand its retail portfolio. The company purchased the stakes from the Abu Dhabi Investment Authority (Adia), which owned 69 per cent, and Grosvenor, which held 23 per cent, for a total of £490m. This acquisition follows months of negotiations, with Adia previously withdrawing from a £350m deal to sell its stake in Liverpool One to Landsec earlier this year. With this latest addition, Landsec's retail portfolio now encompasses seven of the top 30 centres in the UK, including Trinity Leeds and Bluewater in Stone, Kent, as reported by City AM. Landsec CEO Mark Allan expressed his delight at the purchase, stating it was an opportunity for the firm to capitalise on the trend towards high-quality physical retail spaces. "The top one per cent of the UK’s shopping destinations provide brands with access to 30 per cent of all in-store retail spend, which is why we continue to see brands focus on fewer, but bigger and better stores in the best locations," he said. "As such I am delighted that we have added another top-ten centre with a highly attractive return profile." Earlier this year, Landsec returned to profitability following a rebound in occupancy and rental income in London, again highlighting a particular trend from brands towards fewer, larger and superior stores, with "significant upsizes and lettings" from leading brands such as Primark, Pull&Bear, Bershka, Sephora and JD Sports. James Raynor, CEO of Grosvenor, commented: "[Liverpool one is] not only one of the most remarkable regeneration stories, re-defining what long-term investment and partnership can achieve, it continues to be one of the UK’s most successful retail and leisure destinations."

Commercial Property2025-04-05 00:55:00

Funding boost for new Digbeth resi scheme

A new residential development in a Birmingham district has been handed a funding boost. West Midlands Combined Authority has agreed to make a "multimillion-pound investment" into the project in Digbeth although the final figure is yet to be decided. The scheme comprises 481 apartments with 55 per cent of these classed as affordable, including 141 for social rent, across a pair of interlinked buildings reaching ten and 34 storeys respectively. The scheme, earmarked for derelict land off Clyde Street, has been brought forward by Latimer, the development arm of affordable housing provider Clarion Housing Group. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. The decision comes after Mayor Richard Parker launched his ‘Homes for Everyone' plan in September which focuses on increasing the construction of social and affordable homes and the creation of new communities. Mayor Parker said: "This scheme will deliver over 140 social homes, the first step in delivering my manifesto pledge of thousands of social homes across the West Midlands. "For too long, investment in social housing has been neglected, leaving people without the safe, affordable homes they deserve. I'm determined to change that. "Rebuilding our social housing stock not only provides homes for those who need them most but also creates jobs and drives economic growth in our region." The WMCA's approval in principle will now trigger detailed negotiations with Latimer to agree a final investment deal. The project, to be built on the 1.3-acre site of a derelict storage facility, would also include five commercial units and a pocket park. All of the properties would be powered by solar panels and heat pumps, helping to reduce energy bills for residents. The residential tower would be one of several planned or under construction in Digbeth including a project by Moda Living and Aviva Capital Partners. Called The Stone Yard, it will be housed on a four-acre site at the corner of High Street Deritend and Alcester Street which was once home to the Bull Ring Trading Estate and a Peugeot showroom.

Commercial Property2025-04-05 00:55:00

Cornwall's Watergate Bay Hotel given green light for redevelopment

A Cornwall hotel is set to undergo major redevelopment after plans received the green light from the local authority. Proposals for Watergate Bay Hotel, centring on the overhaul of the former Tregurrian Hotel site, were shaped through consultations with local residents, communities and statutory bodies, and will be delivered in up to three phases over several years. The intention is to enhance accessibility and enjoyment of the beach area for both visitors and locals. Once complete, the site of the former Tregurrian Hotel will see the emergence of the new Watergate Bay Beach Club, expanding the existing hotel's wellbeing offerings. Facilities will include a swimming pool, gym, studios, treatment rooms, and a wellness zone dedicated to the hotel staff’s welfare. The development will also have multi-room apartments. A permanent timber-built food pavilion designed to showcase local, independent food and drink enterprises is set to replace the present temporary shipping containers across from the hotel, creating a dedicated spot for "street food by the sea", reports Cornwall Live. A small convenience shop, identified as a significant need through public consultation, will be added to the development. Alongside this, 12 beach loft hotel suites will be constructed closer to the beach and built into the natural contours of the hill, complete with grass roofs and designed in harmony with the surrounding cliffs and beach below, according to the company. A new walkway will connect these structures to the main Watergate Bay Hotel building. The company also plans to improve pedestrian safety and accessibility, following an in-depth road safety audit by Cornwall Council contractor Cormac. Proposals also include a new landscaped car parking area, which the business says will blend into the natural surroundings and enhance the bay's accessibility for the future. Minimising environmental impact was kept front of mind throughout the application process, it added. Will Ashworth, executive director of Watergate Bay Hotel, said: "Having listened to our neighbours, partners and local community, we are today announcing that our plans have been approved. We thank everyone for their input in this process as their views have helped evolve our vision, which will secure the sustainability and accessibility of Watergate Bay for the future – as well as maximise enjoyment of the Bay for everyone."

Commercial Property2025-04-05 00:55:00

Manchester's Hotspur Press redevelopment stalled by listing bid that developer warns could 'potentially condemn' the site

The refurbishment of the landmark Hotspur Press Victorian printing mill in Manchester city centre has been put on hold due to a pending listed building application – with the developer criticising the length of time the process is taking. The mill, which ceased printing operations in 1996, has fallen into disrepair and has seen numerous stalled attempts at renovation, including a plan to transform it into a 171-home, 28-storey flat block. Despite receiving planning permission in 2020, construction never commenced, leaving the mill to further deteriorate. There was new hope earlier this year when a new developer, Manner, received council approval for its redevelopment plan. The proposal includes preserving the mill's facade and iconic 'Percy Brothers' signage while constructing a 36-storey student housing tower with 595 bedrooms and a new public square. Planning permission was granted in May, but work has yet to begin on Cambridge Street due to an anonymous listed building application that has halted the construction of the student towers. The application was submitted in late summer and is still under consideration by the government body responsible for listed buildings, which has confirmed receipt of Historic England's opinion on the matter. Typically, a listing request decision takes 12 working days, but in the case of the Hotspur Press, it has been months, leading developers to express their frustration with the government, reports the Manchester Evening News. Richard James, the boss at Manner, said: "We are calling for the urgent need to decide on the listing process for The Hotspur Press. "It has now been three months since Historic England issued its report to the Secretary of State and well over the 12-day average response time that DCMS state. "As a result, the listing process has created significant delays to the redevelopment plans. We have always wanted to do more than just save this iconic building: we want to create a place the local community can be proud of. "If The Hotspur Press is listed, it will not save it. All it will do is potentially condemn the future of this wonderful building and its history, and have the community lose out on the public realm benefits that they want." In response, a government spokesperson said that a decision will be made 'in due course'.

Commercial Property2025-04-05 00:55:00

From dentistry to the Yorkshire Dales: family firm changes career to acquire camping and guesthouse business

A family firm is swapping dentistry for tourism, after snapping up a Yorkshire Dales camping and guesthouse business. Peter and Teresa Wakefield have acquired Colman’s of Aysgarth, a 1.7-acre site set within the Wensleydale hills of Aysgarth offering boutique guesthouse accommodation, a touring caravan park and campsite, as well as residential accommodation they will now turn into their new home. The deal – completed for an undisclosed sum – represents a career change for Mr Wakefield and their son Harry, who have until now worked as dentists. Peter Wakefield will be managing the guesthouse business while his son manages the campsite operations. Newcastle law firm Hay & Kilner LLP acted for the Peter and Teresa Wakefield on their acquisition of the business, based close to the village of Aysgarth, Aysgarth Falls and a number of walking and cycling routes. The site is set along the Herriot Way, a popular four day, 52 mile walk, which runs through the lower end of the property, and it has been recognised with several awards, including Best Certificated Site, Warmest Club Welcome and Family Friendly Site in 2019 and Warmest Club Welcome 2022 by the Camping & Caravanning Club. Hay & Kilner’s corporate team provided legal advice on the acquisition to the couple, acting simultaneously for them in the sale of their home, which was used to part-fund the transaction. Peter Wakefield said: “We are absolutely thrilled to be the new owners of Colman’s of Aysgarth. It’s a complete career change from our former life in dentistry but we’re looking forward to our new life in the country and welcoming guests to this beautiful part of Yorkshire. As keen motorcyclists we also hope to attract bikers in the future and offer local tours. “Thanks to the team at Hay & Kilner for their support in allowing us the opportunity to purchase this wonderful site.” John Morgan, partner at Hay & Kilner, said: “We are very pleased to support Peter and Teresa on both the acquisition of the business and sale of their residential property demonstrating the variety of services that Hay & Kilner can offer. “This sale demonstrates that the hospitality and leisure sector remains buoyant and the demand for businesses in the sector continues despite the challenges around operating costs. We wish them well for their new venture providing quality accommodation for the Yorkshire tourist and leisure economy in a stunning environment.’’ David Lee of Christie and Co advised the sellers and they were represented by Ian Barker and Karolyn Scott of BHP Law.