Keyland projects to assist with West Yorkshire housing market
Keyland Developments Ltd, the property trading arm of Kelda Group and sister-company to Yorkshire Water, has entered into its first two agreements, which are set to make a significant contribution to West Yorkshire’s housing needs.
Keyland, which has been regenerating Yorkshire Water’s redundant sites for over 20 years, specializes in resolving complex development issues to maximise the value of brownfield and greenfield sites.
After recognising the contribution the firm could make to unlocking the regional land supply, towards the end of last year Keyland decided to offer its services to other landowners in the North of England.
The Planning Promotional Agreements (PPA’s) involve Keyland working with independent landowners, corporates or regulated bodies to overcome obstacles to develop strategic sites which will facilitate regeneration by securing planning consent for future use.
Keyland’s first PPA’s have just been agreed and involve two separate sites in West Yorkshire, which have a combined 21 acres of land identified by Keyland for residential allocation. The sites could bring about the development of some 240 new homes.
Project teams of professionals are now being assembled to work with the Local Planning Authorities in securing housing allocations, with a view to the sites being brought to market in 2019.
Peter Garrett, managing director of Keyland Developments Ltd, said; “There are a significant number of strategic sites across the Yorkshire region that haven’t fulfilled their potential, often due to the complexities of the planning system, title issues, or problems with access or ground conditions, which can all create barriers to development.
“Many of the region’s local authorities are facing severe long-term housing shortages as supply is simply not meeting the growing demand. The new agreements we have entered into in West Yorkshire will enable the landowners to derive the maximum potential from their sites with no financial risk, whilst unlocking much-needed land to assist the local authorities in meeting their long-term housing needs.”
In addition, Keyland owns some 1100 acres outright with a further 900 acres in Joint Venture partnerships, as well as a residential development pipeline of over 6000 units and over 6m sq ft of pipeline commercial space.
Keyland recently assembled a project team to prepare a planning application for a new employment scheme on its 53 acre Wakefield East site which could incorporate some 700,000 sq ft of employment space and bring about the creation of some 1400 new jobs.
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