Pressing ahead

Deal: The St Paul's Developments team by the new phase of development at Cortonwood Retail Park
Deal: The St Paul's Developments team by the new phase of development at Cortonwood Retail Park
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St Paul’s Developments is planning to press ahead with new regeneration projects across South Yorkshire after experiencing strong take-up of properties across its portfolio.

The firm says it did £21 million worth of business on a single day in April and successes over the last two years have led to it placing contracts worth £10 million with construction firms.

Deals have been concluded for around 230,000sq ft of space through design and build agreements, pre-lets and pre-sales.

St Paul’s says its Brookfields Park development alone has already secured some 1,800 jobs for South Yorkshire.

Future projects include a 250 unit residential scheme at Cortonwood for which detailed planning consent has been secured, the decommissioning of a 100-acre former chemical works in Knottingley and the construction of an 80 bed hotel, bar and restaurant, for which a conditional contract has been secured.

Managing director David Newton said; “We have always taken a longer-term view on the majority of sites within our portfolio and this, along with careful management, has enabled us to maintain a positive outlook throughout the challenging economic climate.

“Our commitment to the regeneration of South Yorkshire is as strong as ever and we are delighted to have been able to create local jobs through the construction of pre-let units, allowing local companies to improve the quality of their buildings.

“Looking ahead, we are confident that market recovery will facilitate continued development across the region and we look forward to delivering further opportunities through our work in this arena.”