Investar reveals £65m central Stockport development

Manchester-based developer Investar Property Group has released the first images of Royal George Village, a mixed-use scheme to be built on part of the former Stockport College campus

 

 

 

Based on Wellington Road South and Greek Street, the three-acre plot was conditionally purchased by Investar Property Group in November 2019, after the college enlisted Colliers International to market the site.

Buildings include the 120,000 sq ft Torkington building, 63,000 sq ft Lyme building and the 26,000 sq ft grade two-listed Greek Street building.

Investar has tabled an early-stage proposal which the developer said has backing from the Stockport Mayoral Development Corporation as part of its Strategic Regeneration Framework for the town.

The Royal George Village scheme would include converted and new-build residential as well as coworking space, commercial units and green space.

The Torkington building would be converted into 120 apartments with a focus on providing affordable homes for Stockport residents.

The existing Lyme building will be demolished and a 250 apartment block will be constructed.

Investar would convert the listed Greek Street Centre into a co-working space for local businesses.

Plans also include provision for another new-build block of 55 apartments located on the corner of Greek Street and Royal George Street.

Four existing buildings will be demolished to make way for an underground car park and public realm.

A virtual public consultation has been launched and is available at www.royalgeorgevillage.co.uk.

A planning application is expected to be submitted late April 2020, with the aim of going to planning committee in autumn 2020. Site works are due to begin at the start of 2021.

Michael Dong, Chief Executive Officer at Investar Property Group, said: “Our vision for Royal George Village is to change the way we think about creating new places to live in the UK. This development will provide a platform for housing, health and business collaboration, to add social value and to forge a real sense of community in a key Stockport location.

“Stockport continues to thrive, and its excellent transport links to Manchester are set to be greatly improved. We welcome the recent announcement by Stockport Council and Transport for Greater Manchester to bid for up to £1bn to deliver an extension of the Metrolink line into the town centre.”

Michelle Leslie, Vice-Principal for corporate services and planning at The Trafford College Group said: “Royal George Village will complement the £23m redevelopment of our campus at Stockport College due for completion in 2021. The redeveloped Stockport College will provide a learning environment that uses the latest developments in digital technology and education.

“Together the two developments will create a new community for Stockport on a site that is at the heart of the town and we look forward to working with Investar to help finalise their vision.”

The Investar team includes Day Architectural; Buro Happold Engineering; Rider Levett Bucknall; planning consultant WSP Indigo, WSP Transportation, Layer Studio and Gray Scanlan Hill. JMW Solicitors is providing legal advice.

To stay updated with all our latest news and developments, make sure you’re following us on Facebook and LinkedIn and Twitter. 

Latest News/Blog

Investar reveals new £65m central Stockport development

Investar reveals new £65m central Stockport development

Investar appoints Geoff Wills as Investment Director 

Investar appoints Geoff Wills as Investment Director 

A review on 2019

A review on 2019

Manchester experiences some of the highest growth in Europe

Manchester experiences some of the highest growth in Europe

Melody Garden’s nearing completion  

Melody Garden’s nearing completion  

 Manchester at number one place in Management Today’s ’21 Best Cities in Britain for Business 2019′

 Manchester at number one place in Management Today’s ’21 Best Cities in Britain for Business 2019′

CEO Michael Dong: Thought Leadership

CEO Michael Dong: Thought Leadership

Is Manchester just home to luxury skyscrapers?

Is Manchester just home to luxury skyscrapers?

Insider Media 2019 Property Disruptors

Insider Media 2019 Property Disruptors

Head of Development appointed

Head of Development appointed

Handover of phase one at Melody Gardens

Handover of phase one at Melody Gardens

CEO Michael Dong in 2019’s 42 under 42 awards

CEO Michael Dong in 2019’s 42 under 42 awards

Overview of UK’s best buy-to-let areas in 2019

Overview of UK’s best buy-to-let areas in 2019

Michael Dong speaks at BEN Networking North West

Michael Dong speaks at BEN Networking North West

Investar acquires site for over 200 homes, in Trafford

Investar acquires site for over 200 homes, in Trafford

Melody Gardens – June 2019 update

Melody Gardens – June 2019 update

Michael Dong was a guest panelist at Movers and Shakers Regenerating & Investing in the North West” on May 3rd 2019

Michael Dong was a guest panelist at Movers and Shakers Regenerating & Investing in the North West” on May 3rd 2019

The £3bn affordable housing scheme

The £3bn affordable housing scheme

Overseas investors stamp duty – an update

Overseas investors stamp duty – an update

Melody Gardens progress update

Melody Gardens progress update

Investar Property Group finalists in the Greater China Business Awards 2019

Investar Property Group finalists in the Greater China Business Awards 2019

The rise in serviced apartments

The rise in serviced apartments

The biggest property trends of 2019

The biggest property trends of 2019

Construction work on Melody Gardens makes significant progress

Construction work on Melody Gardens makes significant progress

Surcharge for foreign investors

Surcharge for foreign investors

Investar wins two Property Investors Awards

Investar wins two Property Investors Awards

Michael Dong discusses PRS and BTR at Insider’s Residential Property Breakfast

Michael Dong discusses PRS and BTR at Insider’s Residential Property Breakfast

Convention of the North: a united voice

Convention of the North: a united voice

Join us at the Overseas Property Expo 2018

Join us at the Overseas Property Expo 2018

Introducing Quayside

Introducing Quayside

Work progresses at King’s Dock Mill

Work progresses at King’s Dock Mill

Sky’s The Limit : Michael Dong interviewed by Your Property Network Magazine

Sky’s The Limit : Michael Dong interviewed by Your Property Network Magazine

Michael Dong celebrates prestigious Big Ben Award nomination

Michael Dong celebrates prestigious Big Ben Award nomination

Liverpool – a thriving city

Liverpool – a thriving city