News Archive

VULCAN BOOSTS HOPES FOR RESURGE IN NORTH WEST RESIDENTIAL MARKET

St. Modwen, the UK’s leading regeneration specialist, has exchanged sale contracts with Jones Homes – part of The Emerson Group, for the 1st phase of the residential element of its Vulcan Works site in Newton-le-Willows.

A detailed application has been submitted to St. Helens Metropolitan Borough Council for 138 homes to be built at the £100 million urban village development.

The 50-acre site, where rail locomotives were once built, will include a total of 630 homes, retail and community facilities.

Nick Whittingham, Land Director at St. Modwen said: “This sale is a real indication of recovery in the residential market. The economic climate over the past two years has seen very little in the way of residential land sales, and we see our involvement with Jones Homes as a huge step forward for the property industry.

“Major demolition and remedial work has been undertaken by the Buckingham Group over the last 2 years. The project has been challenging because the site has nearly 170 years of industrial use and we are very grateful for the ongoing support we have received from the Environmental Agency and St. Helens Metropolitan Borough Council, who are continuing to assist us with the successful remediation and regeneration of the site”.

Robert Gray, Land Manager at Jones Homes, said: “Jones Homes is delighted to be involved in this project and are looking forward to the successful completion of its purchase as part of the company’s ongoing acquisition programme in the north west”.

The site will be transformed into one of the North West region’s major new residential communities and is owned by KPI, which is a joint venture company between St Modwen Properties PLC and Salhia Real Estate Co.