The 450-acre site – adjacent to the historic Sherwood Forest – will provide up to 800 new homes and 250,000 sq ft of employment space through the consent granted by Newark & Sherwood District Council.
The first phase of residential land – for approximately 150 homes – is expected to be ready for sale to housebuilders as serviced plots towards the end of 2018.
It is anticipated that it will take around 10 years to fully develop and the site is expected to contribute towards Harworth’s continued delivery of growing its net asset value by at least 10% per annum throughout the property cycle.
The brownfield regeneration specialist acquired the site in October 2015, following the closure of the colliery – the Midland’s last deep mine – in July 2015.
- Over 320,000 new homes granted planning permission
- Football club granted initial planning permission for hotel development
- Work begins on £22m Castleford development
The group has spent the last two years undertaking site safety and security works, including demolishing redundant industrial structures, while master planning the site for future uses.
The current masterplan provides for new housing, a retirement village, a primary school, a 25-acre business park, leisure facilities and a 300-acre country park, and is expected to help create up to 500 jobs.
Earlier this month, Harworth achieved consent for a major new commercial development at the site of the former Alcan Rio Tinto Smelter in Northumberland.
Owen Michaelson, chief executive of Harworth, said: “Securing a resolution to grant planning permission for both of these well-located, major redevelopments – which will deliver homes, jobs and investment to the Midlands and North East – is a significant achievement for Harworth.
“It is also a further demonstration of our team’s expertise in taking complex industrial sites and – through our planning expertise – transforming them into sustainable developments for the benefit of local communities.”