Sale completed of Bradford regeneration site, creating 185 new jobs
A site earmarked for a new retail and leisure regeneration scheme in Bradford has been sold.
Acting on behalf of MPS, the UK development team at CBRE sold the Scott Works site on Hollingwood Lane, Lidget Green, to Quora Bradford Ltd for an undisclosed sum.
The six-acre site was formerly occupied by MPS (Field Packaging) and prior to that the Scotts Motorcycle company which built the site at the start of the 20th century.
185 new jobs are set to be created once the site is transformed into a new retail and leisure regeneration development.
Supermarket chains Aldi and Home Bargains are among stores proposed for the site along with a number of smaller retail units, including a Marsden’s family pub, restaurant and drive-thru restaurant.
Jessica Haigh, senior surveyor on CBRE’s Development and Residential Capital Markets team, commented: “We are delighted to confirm the sale of Scott Works site to Quora Bradford Limited.
“The planned regeneration scheme promises to bring significant improvements to the area as well as create 185 new jobs.
“The addition of popular discount supermarket chains such as Aldi and Home Bargains will satisfy the growing need for competition and choice within the area.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan
Who speaks up for SMEs when giants get bigger?
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work