A Yorkshire developer is set to transform a derelict factory site into new housing.
Duke Homes and Developments has bought Cliffefield Works and Fulwood House, the former Goodman Sparks workshop and office buildings in Sheffield, for an undisclosed sum in a joint venture with a group of the previous owners. The residential project, which has already secured planning permission by Sheffield City Council, will see the abandoned buildings demolished on the half-acre plot, to be replaced with new two-storey accommodation spread across four groups of three terraces.
The 12 three-bedroom townhouses, designed by Sheffield-based architects AAD, are being built on a 17,825 sq ft brownfield site, and will include residents’ only off-street parking. Work is set to start this summer.
Brendan McMenamin, director at Duke Homes and Developments, said: “The development features high quality designs which respect the character of the area, whilst maintaining good living conditions for occupants and any neighbouring residents. Sustainability forms an integral part of the plans which aim to tackle issues of climate change through good quality design and make efficient use of land and infrastructure. Our development will enhance the character of the street-scene and create a lively and interesting environment on a former derelict site.”
Sheffield solicitors Wake Smith advised on the joint venture. Tom Haywood of Wake Smith said: “Joint ventures are a common method of combining the business prowess, industry expertise, and personnel of several otherwise unrelated parties and can be used, as here, to combine assets and operations, share risk and make use of each party’s skills and capabilities.”
Mr McMenamin added: “After working with Wake Smith for several years, it was good to already know Ben Spencer in the commercial property department, who has also acted on behalf of Ben Winslade another director of Duke Homes. Ben and Tom Haywood have been great to work with from the initial stages, helping us with the various commercial intricacies with this deal.”
Original artice – https://business-live.co.uk/all-about/yorkshire-humber