Sector: Private Sector, Retail
Project profile: Development of a roadside retail unit.
Customer: The Co-Operative Funeral Care and Domino’s Pizza
Stage: Completed June 2015
Location: Corner of Oldham Road and Ashton Road West, Failsworth, Manchester
Funder: NatWest Bank plc
Tenant: The Co-Operative Funeral Care Limited and Domino’s
Legal Advisor: Brabners LLP
Contractor: Beaumont Morgan
Employers Agent: Spring & Company Limited
Cityheart has created a mixed-use retail scheme in Failsworth, Manchester and completed the construction of two adjoined retail units on Oldham Road in November 2014.
This project demonstrates Cityheart’s capability to identify land with a potential re-development opportunity; purchase the land at risk, and develop market interest in the scheme and locality; lead and manage the design and planning process and successfully appoint a contractor; gain planning consent and complete the project to the tenant’s exacting commercial requirements. Cityheart also sought interest from the financial markets and secured bank finance from NatWest Bank.
The completed scheme has enhanced this local area of Failsworth, as previously the former derelict pub had been left abandoned and as a result was providing social issues and was becoming a particularly challenging spot on the local high street.