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Monday, August 20, 2023

Strategic Sites selected to deliver south Yorkshire industrial scheme

Strategic Sites has been selected as a development partner by UK COAL to deliver a major new industrial scheme in Waverley, near Rotherham, South Yorkshire. Strategic Sites and UK COAL will form a joint venture company to develop 94,000 sq ft (8,732 sq m) of high-tech manufacturing accommodation on a 6.4 acre (2.6 ha) site.

The scheme will comprise up to 15 units, ranging from 2,500 sq ft (232 sq m) to 27,500 sq ft (2,555 sq m) in size and will have an end value of around 8m. When fully occupied, the entire scheme is likely to house around 200 jobs in total.

A detailed planning application has been submitted and, subject to approval, work is expected to start on site in Autumn 2007, with the first units available for occupation by Spring 2008.

Anuj Joshi, development director at Strategic Sites, comments: "We are pleased to have been selected as a partner by UK COAL and are proud to be associated with one of Yorkshire's most significant regeneration projects. This scheme is a great prospect for manufacturing/technological operators and we have already held discussions with a number of interested parties. We hope that based on the success of this joint venture, it will be our first development of many at Waverley."

Tim Love, development director at UK COAL, adds: "The Advanced Manufacturing Park (AMP) is a key site in UK COAL'S development portfolio and has already attracted major players in high-tech industries associated with aerospace and metals. We believe our joint venture with Strategic Sites will not only complement what already exists, but will increase business diversity by providing a range of buildings which are immediately available for new or expanding companies to occupy and grow their business".

The land to be developed sits within the AMP, a world-class technology park being delivered by UK COAL and Yorkshire Forward. AMP, which is being developed on a 100 acre (40 ha) Brownfield site, is currently home to a number of leading research organisations such as AMRC (a joint venture between Boeing and the University of Sheffield), Cti and TWI.

Dave Custance, head of strategic development and property for Yorkshire Forward said: "We have built up the technical capacity on the AMP, and we are confident that this additional business space will support the development of commercial enterprises that will strengthen the regional economy."

Strategic Sites is a joint venture between Helios Properties plc, Kilmartin Property Group and JC Musgrave Ltd. The company is headed by Paul Barber, a former director of English Partnerships, who spearheads a team with extensive experience of delivering large-scale development projects. With around 50m of resources to invest over the next 3 years, the company is focused on developing sites in regeneration areas throughout the UK.

This is Strategic Sites' second scheme in Rotherham, having recently started work on a 95,000 sq ft (8,826 sq m) business park in Templeborough, Rotherham.

Lambert Smith Hampton (Sheffield) is the appointed letting agent on the scheme.