YHG buys £10m Bolton scheme from Forshaw

While Forshaw Land & Property no longer owns the site, its newly established construction division has been appointed to deliver 58 apartments off Bark Street and St George’s Road for Your Housing Group.

Your Housing Group bought the 1.45-acre Bolton site from Forshaw after the latter won planning consent for 58 houses late last year. 

The site originally had consent for 262 apartments but Forshaw scaled back the scheme due to viability constraints. 

Plans for the £10m development, to be named St George’s Row, include 58 affordable homes and will provide a mix of two-, three- and four-bedroom homes available for shared ownership and rent-to-buy.    

Richard Jones, director of growth for Your Housing Group, said: “This development will be a great addition to the town centre, bringing a brownfield site into use, building on a sustainable location and adding to the wider regeneration of the town centre.  

“It will provide high-quality affordable homes and enable many local people to take their first step on the property ladder with options for shared ownership.”   

Forshaw Construction has now begun remediating the site, its first project since the company was founded in response to the ongoing volatility of the sector. 

Lyndon Forshaw, managing director of Forshaw Land & Property, told Place North West he established the construction division in order to have more control over costs amid rising construction prices. 

The contracting arm will focus on low-rise housing schemes outside of the city centre, Forshaw said.