The site – which is located adjacent to Ironbridge town centre – comprises around 240 acres of brownfield land, with 100 acres of agricultural land close by.
Harworth will use its land regeneration skills to remediate the site ready for future development and to promote the site through the planning process, as it targets the delivery of a new mixed-use development of several hundred new homes, as well as a commercial development, leisure uses and significant public open space.
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Owen Michaelson, CEO at Harworth Group, said that the redevelopment of Ironbridge Power Station required an experienced regeneration company to sensitively handle the project.
“We have proved with our major developments of former coal mines and other industrial sites across the North of England and the Midlands that we have the core skills required to effectively redevelop complex sites.
“We look forward to doing the same at Ironbridge.
“This acquisition forms part of our ongoing strategy to become the UK’s leading regeneration company.”