Helical Bar and UK Coal have entered a joint venture to create a £140m government campus in Yorkshire.
The 50:50 jv partnership will create a 660,000 sq ft government office campus at a 741 acre site between Waverley, Rotherham, and Sheffield, on of a former coal mine owned by UK Coal.
Lyons report
Helical Bar, through its subsidiary Helical Governetz, and UK Coal, through its property division Harworth Estates, plan to attract government organisations who will relocate from London as a result of the findings of the Lyons, Gershon and Varney reports.
Part of mixed use community
This 50/50 joint venture is part of a larger plan by UK Coal to create a sustainable mixed-use community in the area which will provide 4,000 homes, a business park and a range of community facilities.
The jv plans to start work on site in spring 2009 for delivery in autumn 2010.
Mike Slade, chief executive of Helical Bar, said: ‘It is clear from the pre-budget report that savings in the government estate are now paramount. This partnership with UK Coal is, therefore, an important step forward in our drive to provide accommodation to meet the Government’s evolving occupational requirements across the UK and follows on from our similar government campus project at Newport West in south Wales in partnership with Welsh Assembly Government.’
No comments yet