Network Space has sold an 11-acre plot earmarked for residential development at Crown Point East in Denton to Wainhomes, and is close to starting on site with the construction of a Wellness Centre as part of the leisure phase of the project.
Crown Point East is a mixed-use residential and leisure scheme planned for the former Oldham Batteries site in Tameside, which is being developed in partnership with Tameside Council.
The residential phase will provide 163 houses. Following the acquisition, Wainhomes anticipates work will begin in summer 2017, after progressing a reserved matters planning application.
Network Space is owned by chairman Bill Ainscough, who also founded Wainhomes. Wainhomes is now led by his son Will Ainscough.
The council is nearing completion of a new road alongside the scheme, which aims to reduce congestion at the Crown Point junction.
The road was funded by £1.67m from the Greater Manchester Growth Deal to implement a series of infrastructure improvements to tackle congestion, reduce journey times and regenerate major sites across the borough.
Network Space and Tameside Council are also working together to deliver a Wellness Centre on the leisure phase of the site, which fronts Ashton Road. It is anticipated that the land will be cleared this summer, with work to begin on site later this year. The centre was designed by DLA Architecture.
Peter Barlow, managing director in the North West for Wainhomes, said: “We see this significant development as an exciting opportunity to redevelop a substantial brownfield area of land located in a very sustainable and accessible location which will greatly improve the Denton and Crown Point area. Wainhomes has targeted Tameside as a key strategic location to invest in over the coming years due to its proximity to Manchester and Stockport and excellent road and rail network.
“We are currently progressing other opportunities within Tameside and therefore see this development as the start of a long term investment within this ambitious borough.”