Matthews & Goodman Advised Kingmoor Park Properties on the Sale of Former BICC Facility
Matthews & Goodman advised Carlisle-based Kingmoor Park Properties on the multi-million-pound sale of Bridgewater Business Park (a 12-acre site) to a consortium comprising MCI Developments and Your Housing Group with LM6 acting on behalf of the buyers.
The former BICC cable manufacturing facility in Leigh, which has been operating as a multi-let industrial estate, had outline planning permission in place for a residential development when a sale was brokered with the new owners. MCI intends to build out the affordable housing scheme for Your Housing Group.
Commenting for Kingmoor Park Properties, Geoff Dallimore, Commercial Director said “This is a great result despite the difficult current economic climate and we are delighted both with the service Matthews & Goodman gave us and the fact that the site will now enjoy a new lease of life, helping the community which played such an important part throughout its own operational life."
“Getting the deal across the line has not been without its challenges”, said David Newman, Partner at Matthews & Goodman and the team leader in this transaction. “However, we have secured an excellent result for all parties – especially for the people in Leigh who will soon have access to almost 230 affordable new homes.”
Phil Morley, Director at LM6, agreed that whilst the deal and planning, in particular, was not straight forward working as a team, with his clients Your Housing Group and MCI Developments and the vendor’s agent ensured a satisfactory conclusion for all parties.