Tuesday, September 16, 2008

News: UK Coal’s property arm defying housing market


Property Week interview the men behind two of the largest brownfield residential regeneration projects in the UK. Estates director Eddie Peat, development director Tim Love and development and construction director Mike Jones of UK Coal's property division, Harworth Estates. Last month it submitted a planning application to Rotherham Metropolitan Borough Council for a mixed-use redevelopment of the 741 acre former colliery at Waverley, Rotherham. It was also granted planning permission for its redevelopment of the 300 acre former Prince of Wales Colliery site at Pontefract. Harworth has set a 20-year timetable for the Waverley scheme, phasing construction so as not to strain local infrastructure with a massive population influx. It is already developing the Advanced Manufacturing Park on the site. Love told Property Week: "We have a real desire to create quality environments. "We have worked to make this submission the strongest and most applicable to local people. "By the end of the year we are hoping for a final decision, then we will undertake reclamation and infrastructure work in 2009. We take a long-term view and we’ve maximised the planning value. We are likely to do a joint venture on the site."


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