New Era Developments Secure Funds Worth £27m
14th Aug 2018
Work to redevelop the Co-op building in Huddersfield can now take place after councillors granted permission to transform the site into student accommodation.
The property in New Street has been empty for 14 years and is in desperate need of repair.
Councillors had been deliberating as to whether more student flats were needed, but pressure to regenerate the eyesore resulted in the plans being approved.
Under the proposals three extra floors will be put on top of the refurbished 1930s built extension to the adjacent Victorian Co-op building, creating a 134-bed student scheme called Renaissance Works.
It is also understood that developers SKA will be one of the first beneficiaries of Kirklees Council's property investment fund, which loans cash to developers to kick-start regeneration projects.
The council has been trying to offload the site after purchasing it shortly before the economic crash in 2008. At the planning meeting councillors were told no other developer had been interested in the site as the margins were too small, however SKA was willing to take a longer-term view of the project.
Commenting on the development, managing director of SKA Developments, Zeb Pervaiz said: "Over the previous months we've worked very closely with Kirklees Council to develop a viable but eye-catching scheme, and I'm thrilled that our approach of working closely with the council has led to today's decision."
"SKA Developments has a track record of delivering high-quality projects in Huddersfield, including our fantastic Standard House scheme."
"We now look forward to continuing to work closely with the council to finalise the details of these plans, and we are targeting a start-on-site for Renaissance Works in the coming months, which will kick off with a strip out of the existing building."
14th Aug 2018
13th Aug 2018
10th Aug 2018
9th Aug 2018
8th Aug 2018
7th Aug 2018
6th Aug 2018
3rd Aug 2018
2nd Aug 2018