Project Details

Property To Let / Rent
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BP Castrol/Alma Works

Furnace Street, Hyde

Sites Owned – Brownfield

An 8 acre Brownfield site, formerly used by BP Castrol for the processing and storage of oils. Northern Trust acquired the site from BP in March 2010 and are currently progressing with plans for regeneration of the site.

HISTORY

  • The site was formerly used by BP Castrol for the processing and storage of oils with ancillary offices and other associated uses on site.
  • The site ceased operation in 2007 and formally closed in 2009.
  • Northern Trust subsequently acquired the site from BP in 2010.
  • Since the acquisition, the buildings on site have been demolished, cleared and a detailed site investigation has been undertaken. 

APPROACH

  • The approach to establishing future development options for this site has gone through several stages.
  • An intrusive site investigation was undertaken to establish the extent of any contamination on site, as a result of the previous use by BP.
  • The site has been marketed for continued employment purposes to establish any interest.
  • Subject to the viability and interest in the site for continued employment purposes, alternative uses were considered.
  • Once the appropriate development options had been established a planning application was submitted.

 STATUS

  • A planning application was submitted in May 2011 for the redevelopment of the site, with the outline plans including the provision for up to 100 houses including a mix of house types aimed at supporting the delivery of high quality housing at an affordable level within the Hyde area. 
  • Planning permission was granted in November 2011 subject to the S106 agreement.
  • Moving forward Northern Trust will commence the remediation of the site in March/April 2012 with completion anticipated in October 2012.
  • Northern Trust are now developing a disposal strategy, and will soon be inviting negotiations with prospective house builders as the remediation progresses.

For further details you contact the land department on 01257 238555 or info@northerntrust.co.uk


FURTHER SITES WANTED



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