Yorkshire developers nominated for regeneration award
Yorkshire based Dransfield Properties and Prospect Estates have been announced as finalists in the Midlands Property Awards for their £39 million retail, commercial and leisure development, in Gainsborough, Lincolnshire – Marshall’s Yard.
Marshall’s Yard opened in April this year, and has transformed a derelict brownfield site into a vibrant visitor destination, reversing market failure in Gainsborough, a town which had been in decline for many years.
Next, New Look, Marks & Spencer, JJB, Halfords and Costa Coffee are among the tenants on Marshall’s Yard, bringing a new retail offer to the town which was previously dominated by charity and discount outlets. The centre also houses 20,000 sq ft of office accommodation, with 80 per cent now let.
On the site of a former engineering works, Marshall’s Yard incorporates many listed structures, and with new architecture carefully designed to blend with the old with the new, the centre has a stunning architectural mix not found in typical shopping centres.
At the heart of the development is a landscaped piazza and multi-jet fountain, providing a high quality public open space, designed to encourage dwell time within the centre and provide a focal point for visitors.
The regeneration benefits are already being felt throughout the town, with town centre traders reporting an increase in turnover, some by as much as 100 per cent.
West Lindsey District Council will be relocating their headquarters to a 36,000 sq ft landmark building on the site. Chief Executive Duncan Sharkey said: “The impact of Marshall’s Yard on Gainsborough has been phenomenal; and has been the catalyst for millions of pounds of further investment. We were involved with the project from the outset, and it is a shining example of successful public and private partnership working. I hope it will do well in the awards.”
The Midlands Property Awards are organised by trade publication Property Week and will attract an audience of the most important figures from the UK property scene. The awards shine the spotlight on the Midlands’ most successful developers, property agents and financiers, and reaching the finals will give Marshall’s Yard exposure to the leading people in the property industry.
Marshall’s Yard is a finalist in the Regeneration Development of the Year category. Members of the Midlands Property Academy will vote on the awards over the next few weeks, and the winners will be announced at a gala dinner in Birmingham on July 18th.
Mark Dransfield, Managing Director of Dransfield Properties, said: “With so many new developments happening around the region over the past year or so, it is a real achievement to be nominated for the award. This is good news not just for Marshall’s Yard, but also for Gainsborough, as it will raise the profile of the town amongst the UK’s leading property experts and financiers, which could lead to even further investment in the town.”
Barnsley based developers Dransfield Properties specialise in regenerating communities through retail led schemes, and are currently leading developments in North Yorkshire, Northumberland, Stoke on Trent, Bury and East Manchester.
Otley based Prospect Estates specialise in the acquisition and management of industrial, residential and commercial investment properties.
For further information, contact:-
Public Relations Department, Dransfield Properties Ltd
Tel: 01226 360644