Member Article
£51 million Warrington development
A land deal has been completed, paving the way for the development of 284 apartments for private rent in Warrington’s regenerated town centre.
All Saints Living has acquired the site next to the central station – a former industrial site – and expects to start construction in the autumn, creating a six storey complex with a total development value of £51 million.
The ground floor comprises undercroft parking for 256 cars, retail space - fronting on to Winwick Street - and a small number of residential units - facing onto John Street. The upper five floors contain the majority of the residential units facing on to Winwick Street, John Street, internal courtyards and the station square.
They will be open plan and contemporary in style with 106 having single bedrooms and 178 with two bedrooms.
The foyer will focus on a new station square and provide a sense of place-making, with a better balance of public and private open space. The square is being developed as part of the wider Warrington regeneration.
All Saints Living is a division of the Newcastle-upon-Tyne headquartered High Street Group – a multi-disciplinary operation established 10 years ago and involved in property investment, development finance and financial claims.
Among the company’s other projects are a similar, £40 million, 162 apartment, 26 storey project in Newcastle-upon-Tyne and a £35 million redevelopment of a former three storey office in the centre of Milton Keynes, providing 149 apartments on seven floors – including 500 square metres of commercial space on the ground floor.
Gary Forrest, founder and chairman of The High Street Group, said: “As the build to rent, or private rented sector, continues to grow due to demand for homes outstripping supply, we have taken this opportunity to develop these much needed homes.
“These are all exciting projects which we feel will enhance the towns and cities in which they are developed and I would like to thank all our partners for working so hard to help us make them possible.”
Since 2013 Warrington Council has been driving an £800 million regeneration programme. So far about £450 million worth of development is either built or underway.
The remodelled town centre is wrapped around a pedestrian zone and central station and comprises, retail, residential, commercial and educational facilities as well as public open spaces.
This was posted in Bdaily's Members' News section by Paul Dobbie .