[07
JUN 00] STRATFORD ON AVON DISTRICT COUNCIL NEWS
Business Park Snapped Up By Lone Developer
A
local developer in Stratford has bought the remaining plots of land on
a new business park on the outskirts of the town, only a few months
after buying the other half of the site.
Color
Estates Ltd will be buying some 3½ acres of land at the Shottery
Brook Business Park for £1.3m, subject to contract, after
Stratford-on-Avon District Council agreed a deal yesterday.
In
January Color agreed a £1.6m deal to buy 6.2 acres of land for a
high-tech innovation and research centre on the business park, which
is owned by the district council.
Cllr
Richard Hyde, the Chairman of the Emergency Sub Committee that agreed
the deal, said:
"I
am very pleased that we have been able to agree a deal with Color,
after putting the sale of this remaining plot of land out on the
open market.
"There
are benefits in dealing with a single developer for the whole site,
such as co-ordination of the project and services infrastructure.
“Shottery
Brook Business Park has been one of this council's major objectives
for many years and will provide a prestigious commercial gateway
into Stratford."
The
area of land which the council agreed to sell yesterday to Color was
previously allocated to the Finelist Group who had planning permission
for a new office headquarters.
Finelist
told the council in March that it no longer wanted to relocate to the
new business park.
Although
the total site extends to some 14 acres, over four acres are being
allocated for landscaping and environmental works.
The
council is spending just over £2million on a new road infrastructure
for the business park, which is expected to create hundreds of new
jobs.
The
first part of the project is the construction of a new spine road as
an extension of Timothy's Bridge Road, which started last month. It
will link into a new roundabout at Bishopton Lane and is expected to
take about 12 weeks to complete.
Work
on the realignment of Bishopton Lane will then start, which will
require the closure of the road from the A34/A46 junction through to
the Stratford canal, for the reconstruction of a new railway bridge
and service diversions. This part of the project is expected to be
completed in December.
The
site has been earmarked by the council for development since the
1980s, and currently forms a barrier between the existing industrial
area next to it and the A46 northern bypass.
The
road construction and improvements are being carried out by Birse
Construction Ltd, under the supervision of Warwickshire County Council
on behalf of the district council. Work on Color Estates's proposal,
subject to planning approval, of an innovation centre with offices,
research and development could start by early 2001.
|
