Thursday, November 28, 2024

Land sales and affordable housing partnership agreed at Riverdale Park, Doncaster

Harworth Group’s Riverdale Park development in Doncaster is entering its final phase following a series of land parcel sales.

The transactions comprise the sale of three pieces of commercial land for a total of £5.7m, to Polypipe Building Products, a supplier of construction materials, JCT600, one of the UK’s largest motor retailers, and a private developer for the construction of a drive thru-unit, alongside the signing of a forward-funding agreement with Great Places as part of Harworth’s affordable housing portfolio that was launched in 2023.

Doncaster-based Polypipe Building Products, part of FTSE 250 constituent Genuit Group plc, has acquired a four-acre land parcel adjacent to its existing Neale Road Manufacturing site, which will be used to provide new facilities.

JCT600 has acquired a seven-acre land parcel to develop a new car showroom and forecourt, complementing its existing premises elsewhere in the area, while the private developer has acquired half an acre of land for the construction of a new drive-thru unit. Both land parcels benefit from direct frontage onto Wheatley Hall Road (A630), one of Doncaster’s main throughfares which connects directly to the A1(M) and M18 motorways.

Haworth has also entered into a forward-funding agreement with Great Places to develop 50 new affordable housing units as part of the residential element of the Riverdale Park development. The development will include a mixture of two, three and four-bedroom homes that meet the National Planning Policy Framework criteria for affordable housing. Under the terms of the agreement, Harworth has sold a land parcel to Great Places and will oversee the construction of the homes in return for a development management fee.

Riverdale Park is located on the site of the former McCormick Tractor factory. In 2015, the 112-acre site became one of Harworth’s first acquisitions, and the Group later secured an outline planning consent to deliver a mixed-use scheme comprising 600 new homes and 200,000 sq ft of employment space. While the employment space prioritises accessibility to Wheatley Hall Road, the residential element of the development is arranged around the River Don, creating a desirable new community for waterside living.

Prior to these transactions, Harworth sold employment space at Riverdale Park to Arnold Clark for a new 30,000 sq ft car showroom and to a private developer for the construction of two drive-thru units. The Group also directly developed a drive-thru Costa Coffee unit on the site, which has since been sold.

For the residential element of the scheme, land has so far been sold to Barratt, Taylor Wimpey and Harron Homes, which will collectively deliver over 500 new family homes. Harworth has also undertaken works to repair and restore period riverfront features to create an attractive riverside walkway for residents at the site. The development is expected to be fully built out by 2027.

Ed Catchpole, Regional Director – Yorkshire & Central, Harworth Group plc, said: “Our Riverdale Park development has transformed a brownfield site into a thriving mixed-use community, providing well-connected leisure and employment space as well as much-needed new family homes in a desirable riverside location.

“We are delighted to have transacted with a number of the region’s most successful businesses to help them expand their presence in Doncaster, supporting new jobs and investment in the area, as well as partnering with Great Places to deliver much-needed new affordable homes.”

James Crow, Director of Mixed Tenure, Harworth Group plc, said: “Our affordable housing portfolio is about working with selected partners to meet affordable family housing needs, in a large and underserved sector. We are therefore so pleased to have reached our first affordable housing agreement with Great Places, a highly-respected housing provider that shares our commitment to create vibrant, sustainable communities.”

Matt Williams, Managing Director, Polypipe Building Products, said: “We are delighted to confirm our commitment to the Doncaster area via this investment, which not only allows us to improve our operational efficiency but also opens the opportunity for expansion of our Neale Road facility in the future.”

Helen Spencer, Executive Director of Growth, Great Places, said: “We’re delighted to be part of the Riverdale Park development. Close work with Harworth Group has enabled us to unlock this important site to deliver 50 new affordable homes in the area where we know that demand is high. We’re committed to providing high-quality, sustainable, and affordable housing in the areas we operate and we look forward to working with Harworth Group and other partners to deliver this project.”

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