Bolsterstone Group Plc, the company leading Chesterfield Waterside, is also behind the largest ever private investment deal in Sheffield city centre, which is set to regenerate a key site and create a home for thousands of high-quality jobs.
Bolsterstone is delivering the £300million West Bar scheme in Sheffield centre with its sister company Urbo.
The £160million first phase is currently on-site and is being delivered by main contractor Bowmer and Kirkland following a funding agreement with insurance giant Legal and General.
Earlier this year, Urbo’s West Bar deal was also named as a finalist for the Deal of the Year – Commercial Property category in the 27th annual Property Awards.
In addition to West Bar and Chesterfield Waterside, Bolsterstone is also leading the regeneration scheme at New Bolton Woods in Bradford, an ambitious £150 million development and regeneration project which will see the construction of nearly 1,000 homes to create a thriving and sustainable new community. More than 200 homes have already been developed with the scheme.
It is through its public/private partnership model that Bolsterstone is transforming cities and communities throughout the region, creating new places to live, work and invest.
The initial phase of West Bar, which is currently underway, will see the construction of 100,000 square feet of ‘grade A’ office space, along with retail and leisure uses, 368 build-to-rent apartments and associated high-quality public realm. The company also plans to deliver 320 build-to-rent apartments in the Basin Square neighborhoods of its Chesterfield Waterside scheme.
Once completed, the West Bar development is expected to bring around 8,000 office-based jobs to the area and over 1,000 residents in the apartments.
The West Bar project as a whole will, when complete, deliver over one million sq ft of office, retail, residential and leisure space and is one of the biggest regeneration projects in the region.
Co-founded in Chesterfield in 1989 by Chesterfield resident Peter Swallow and his business partner Mike Corker, Bolsterstone has built a significant reputation as a regeneration specialist and is currently leading more than three quarters of a billion pounds of regeneration projects working alongside the public sector.
Peter Swallow originally hails from Chesterfield and continues to live in the area as well as operate the business from the town. He said: “I went to college in Chesterfield and love the character of the place – both the people and the architecture. The town has ambitions for the future which, importantly, are firmly supported by the public, council, and business community. There are so many positives about running a business in Chesterfield, not least the town’s proximity to excellent road, rail and airport services which gives us easy access to our projects throughout the region.”
In addition to regeneration, Bolsterstone is also a renowned for commercial and industrial developments, acquiring new sites and redeveloping existing sites for major names like B&Q, KFC, Aldi, UPS and Costa. The company is always on the look out for new sites and opportunities for either residential and commercial projects.
“Whether it’s a private or public partnership, our aim is to create places people want to live, work and invest throughout the UK and Chesterfield has provided us with the ideal location from which to do this, he added.
In terms of what’s next for Bolsterstone, the company soon hopes to bring forward a high-quality leisure development in the Staffordshire Moorlands, just under 40 miles away from Chesterfield.
Moneystone Park, a joint venture between Laver Leisure and Bolsterstone, will transform a former quarry into 250 holiday lodges, a leisure hub building with swimming pool, gym, restaurant and café. The £35million project, which is located in close proximity to Alton Towers, will bring significant economic benefits to the area, with jobs created and increased visitor spend of around £1 million a year. It is estimated that the project will support 230 jobs during construction and a further 250 once the park is operational.
With West Bar, Chesterfield Waterside and Moneystone Park all well under way, Bolsterstone Group is now actively looking for more sites or investments to support their future growth.
Tom Swallow, Development Manager at Bolsterstone Group said: “We have an envious track record of delivering high quality development both privately or working with public authorities. We want to continue to build on this and would be eager to hear from anyone considering selling land, commercial property or investments within the area.”
If you’re selling land or commercial property or looking to invest in West Bar, Chesterfield Waterside or New Bolton Woods get in touch with Boslterstone.