Kayber Court snaps up Harry Fairclough HQ
The developer has bought the 1.4-acre site off Howley Lane in Warrington, previously occupied by the collapsed construction firm, and plans to redevelop it into housing.
Manchester-based Kayber Court Investments is headed up by director Geoff Underhill and is in the process of redeveloping the Adelphi Cinema on Kenyon Road in Moston into a 33-apartment scheme.
The former Harry Fairclough headquarters, which fronts the River Mersey, is earmarked for residential development and previously held planning consent for a residential scheme of 100 apartments, but this has now lapsed, according to consultancy Savills.
Smith & Williamson was appointed as administrator to Harry Fairclough in February last year and began attempting to claw back £7m owed to creditors by selling off assets.
The company’s former headquarters was marketed by Savills with an asking price of around £850,000.
Andy McGill, partner at Smith & Williamson, said: “We were pleased to finalise the sale of the freehold premises at this challenging time. The sale will ensure realisations available to the creditors of Harry Fairclough will be maximised.”
Ned Brooks, associate at Savills, said: “This sale represents an exciting future for the site and is one that we are very pleased to have been involved in. What the sale has indicated is that there is growing confidence in the market and that demand is incredibly strong for development land.”
