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Rebuilding with purpose

Immediately post acquisition, we let a building contract for the demolition of all buildings on the site as well as other site clearance works.

A comprehensive planning application was lodged in March 2016 for residential use. Planning consent was obtained in December 2016 for 486 units. A conditional contract has been concluded with a national housebuilder who will purchase the entire site following completion of further infrastructure works.

Onward sale

The sale of the site is anticipated to be completed in Spring 2018 after we have completed infrastructure works. The residential development will then commence. The masterplan assumes some 486 houses and the project will take 5 years or so to complete.