Property firm set to create Yorkshire jobs with purchase of former factory

A Yorkshire property investment company has announced plans to redevelop a former factory after its acquisition.

The former David Brown site in Penistone, South Yorkshire, has been acquired by Barnsley property firm Fairbank Investments, which has plans to redevelop the site.

The factory closed at the end of last year, putting 1,500 people out of work, and the company now aims to create more jobs.

Plans for the site’s development have not been finalised, with potential for a mixed use facility including a gym and storage facility.

once employed 1,500 local people but shut at the end of last year when its owner concentrated production at another UK plant.

Alex Sewell of Fairbank Investments, said: “This is an historic site that has given so much already in terms of employment for generations and generations of people in Penistone and the surrounding areas.

“We would like to bring back something to benefit the town and, as a local company, we are keen to discuss opportunities with those who might have a positive use for it.

“There is also the possibility of the site being redeveloped for mixed use such as a gym, storage facility, trade counter or housing, obviously subject to the relevant planning permissions.”