Property developer Godwin Developments has signed a collaboration agreement with Lord Stafford to develop an £80m mixed-use scheme in the Castlefields area, England.
The project involves the redevelopment of the former Stafford Rugby Club ground into a mixed-use scheme.
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The Castlefields area, which is owned by Lord Stafford, is a part of the Stafford Station Gateway, situated close to Stafford town centre and Stafford train station.
Once fully redeveloped, the 6.5-acre site is expected to play a vital part in the wider multi-million-pound regeneration plan for the area.
Godwin Developments group development director and co-founder Stuart Pratt said: “Our significant expertise in selecting suitable land for redevelopment, obtaining planning permission and delivering the final scheme alongside our imaginative approach was key in securing this collaboration agreement.
“Staffordshire is an important area of development focus for us as we see high growth potential in the region.
“We believe that the Stafford Borough Council Regeneration Plan alongside the construction of HS2 and the Stafford Gateway Masterplan project will be key drivers to the fast track growth of the town, which is already shaping into a highly attractive investment proposition for developers and commuters alike.”
Godwin Developments said it is working with Lord Stafford-appointed agents including Savills to attract new businesses to the West Midlands town.
Expected to create up to 200 permanent jobs once fully operational, the mixed-use scheme will comprise a food retailer, a hotel, a multi-storey car park and a build-to-rent residential development.
Savills Birmingham development team associate director Rachel Hull said: “Godwin Developments is well placed to maximise the potential of the former rugby ground and we are pleased to be working with them on this agreement.”
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Illustration of the new mixed-use development in the UK. (Credit: Godwin Group)
