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JMW Advise Dransfield on Openshaw Development Scheme
The real estate commercial team at JMW Solicitors LLP, assisted by the corporate team, advised Yorkshire based developers Dransfield Properties Limited on various matters relating to a new development in Openshaw.
Work on the first phase of the development, an 80,000 sq ft Morrisons supermarket, is now underway and should be completed by October 2010. The £40 million retail development off Ashton Old Road in Openshaw will also include a range of smaller shops, 670 car parking spaces, office accommodation, improvements to the public realm and a piece of public art. Dransfield Properties Ltd is undertaking the construction of the development in partnership with urban regeneration company New East Manchester.
JMW's commercial property team has worked on the project since its start 7 years ago. Advice has been given on various matters related to the development including a compulsory purchase order, planning, the letting to Morrisons, dealing with over 50 separate land owners and tenants and documentation in connection with the development agreement with Manchester City Council and New East Manchester.
Retail Property Director for Dransfield Properties, Andrew Malley, said:
"We are delighted that Morrisons will form the focal point of the scheme as anchor tenant and create a successful outlet for the company, its new employees and shoppers alike. The scheme will put Openshaw back on the map and will generate optimism within the local community."
Ian Gordon, a Partner in the Commercial Property department at JMW, said:
"We are pleased to have assisted Dransfield Properties in relation to their new development scheme in Openshaw. With the first phase of the construction, a new Morrisons Supermarket, now underway we believe that this development will generate many new and exciting opportunities for Openshaw and its surrounding areas."
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