Northern Trust submits Hyde proposals
Chorley-based developer Northern Trust has submitted plans to Tameside Council for a residential development on the former BP Castrol site in Hyde, Greater Manchester.
Northern Trust's proposals aim to transform the eight-acre brownfield industrial site on Furnace Street into a residential development appropriate to the surrounding area and compliment the ongoing regeneration projects in the vicinity, including the redevelopment of Hyde Technology School adjacent to the site.
The outline planning application includes the provision for up to 100 houses, which Northern Trust said form part of the company's ongoing initiatives in bringing forward over 3,000 homes through the planning system over the next few years.
Northern Trust purchased the site last spring for an undisclosed sum, following BP's decision to close the site in 2007.
Following the acquisition, Northern Trust demolished the majority of the redundant buildings on site, which was used for the storage and processing of oil, and undertook a site investigation in order to identify potential development options.
A spokesperson on behalf of Northern Trust said: "Northern Trust is committed to regeneration and the provision of a high quality residential development appropriate to the surrounding area. Following Northern Trust's investment at East Tame Business Park the proposals continue our commitment to regeneration and represent another significant investment to development within Hyde and the wider Tameside borough."
Northern Trust added that the planning application is expected to be determined before the end of the summer. The exact project cost for the multi-million pound scheme was not disclosed.