Property companies Dransfield Properties and Harworth Group announced a joint venture to deliver a new £50 million retail, office and leisure scheme at Waverley, Rotherham – the site of Yorkshire’s largest ever brownfield mixed-use redevelopment.
The new 12-acre scheme will be a key part of the strategic regeneration of the 740-acre Waverley development, just two minutes from Junction 33 of the M1.
The development is expected to bring hundreds of new jobs to the region and plans to 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, restaurants and coffee shops
- 470 car parking spaces
A planning application is scheduled to be submitted in Spring 2017.
The development will formally link the Advanced Manufacturing Park (AMP) and the nearby residential area.
This is the latest phase of Waverley’s development.
Yorkshire’s leading brownfield development is already the location for 600 homes and the AMP which hosts firms including Rolls-Royce and Boeing.
The next 15 years will see up to 3,400 more homes built in addition to a further 1 million sq ft of manufacturing space to further grow the AMP.
It also marks another 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.
Dransfield Properties MD Mark Dransfield 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.”
Harworth Group CEO Owen Michaelson said: “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.”