Home About Contribute Media Kit Contact Sign In


Property Industry News

Glaisyers advises TRG on £6.5 million brownfield project in Reddish

Stockport development is the third project on which the Manchester solicitors and developer have worked together.

Glaisyers advises TRG on £6.5 million brownfield project in Reddish

"I have been impressed once again by Glaisyers, who carried out extensive due diligence on a problematic brownfield freehold site with great efficiency. "
Alexander Taylor

Glaisyers Solicitors has advised TRG on the acquisition of The Ropeworks on Stanbank Street in Reddish, Stockport. The firm is also providing ongoing legal advice to the Manchester-based developer as it redevelops the 0.3 hectare brownfield site into 28 dwellings.

TRG has acquired the freehold on the property, which includes a 10,000 sq ft former mill, from Hale-based Rammon Group (Properties) Limited, in a £1 million deal. The developer now plans to convert the mill into 12 luxury loft-style apartments, build a further 12 three-bedroom mews-style houses on the plot and add four more houses onto existing terraces on neighbouring Morton Street.

When completed the total development value of the project, which will be called “Ropemaker’s Yard”, is expected to be in the region of £6.5 million. The properties, designed by award-winning Manchester Architects GA Studio, will primarily be aimed at the first-time buyer market.

Work on the conversion of the mill is scheduled to commence in January 2021. A new planning application, on which Glaisyers is advising TRG, is in the process of being submitted in respect of the new-build houses, and the Ropemaker’s Yard project in its entirety is expected to take approximately 18 months to complete.

Ropemaker’s Yard marks a shift in direction for TRG, which has previously focused on converting city centre properties into high-specification apartments for buy-to-let investors. According to TRG’s managing director, Alexander Taylor, this move to target owner-occupiers by building on brownfield sites in more traditional residential neighbourhoods was partially driven by changing demand as a result of the pandemic but is also a deliberate long-term strategic shift for the business.

This is the second TRG project, and the third involving Mr Taylor, on which Glaisyers has been instructed. The others were The Walton building in Liverpool city centre and the Trinity Apartments scheme currently underway in Colwyn Bay, North Wales – the latter being developed by Mr Taylor’s Gothic & Stone vehicle.

Ross Wellman, partner in the property department at Glaisyers, said, “It has been great to work with TRG again, and Ropemaker’s Yard has been a particularly satisfying project for us. As it is a brownfield site used for commercial purposes there were a number of complex issues for us to get our teeth into during the due diligence process. Inevitably we had to cover some issues with a suitable indemnity policy.

“This is an exciting development with a lot of different elements. I also believe that, from a commercial perspective, it will look increasingly shrewd as Stockport continues its rapid regeneration and pulls in more young families and professionals.”

Mr Taylor said, “I have been impressed once again by Glaisyers, who carried out extensive due diligence on a problematic brownfield freehold site with great efficiency. I consider Ross Wellman, David Marlor and the rest of the team to be my colleagues on this project.

“Our main reason for instructing Glaisyers is the refreshing way in which they take a commercial, as well as a legal, view of the projects on which they work with clients. They are problem-solvers with a ‘can-do’ attitude who really understand what we want to achieve and the realities of operating as a business.

“I look forward to working with them over the next 18 months as we progress the site to completion and establish it as the model for future suburban developments by TRG.”


Escaping the rental cycle

By Karen Curtin

Nov 16 2020 11:26AM

Property Business News - Making a move to the country can meet these new needs, potentially at a lower cost than people might expect. Those who rent in London and other major UK cities are now considering whether being at the heart of the action is worth the high rental prices for small apartments with little access to green space.

Escaping the rental cycle

Property Business News - St. Modwen Homes are delighted to announce the delivery of a brand new area of open space, which residents of Hilton will be able to enjoy for years to come.

Picturesque open space unveiled for Hilton residents

Property Business News - We ve all spent a lot of time at home in recent months, often improvising with the way we structure our working day caused by self-isolating or various lockdown measures.

What can the UK learn from Japan about how Lockdown affects our homes?

Property Business News - A leading North East property consultancy has expanded its 70 strong team with the recruitment of seven roles over the last five months as well as three graduates becoming fully qualified chartered surveyors in the last week. George F.

George F. White Makes Multiple Hires and Promotions in Push for Growth

Property Business News - Leading property and development consultants youngsRPS has appointed a new managing director to take the reins of the business as it enters its next phase of growth beginning with four associate promotions within the rural team.

North East Property Firm Appoints New MD and Announces Key Promotions

Property Business News - Meet the Businesses Leading the Way by Switching from Oil to Gas Back in June 2019, the UK became the first country to pass a net zero emissions law, with a target set for bringing all greenhouse gases to net zero by 250.

Meet the Businesses Leading the Way by Switching from Oil to Gas