The price for the former Swinden Technology Center (STC) in Rotherham has been unveiled a year and a half after the sale was confirmed.
Rothbiz revealed in 2020 that a deal had been struck to allow Keepmoat Homes to advance its own plans for 197 homes on the Moorgate site.
Tata Steel felt it was no longer a suitable location for its R&D arm and in 2014 announced a move to the University of Warwick. 60 employees moved to premises in Meadowhall Business Park in 2019.
Harris Lamb land agents have now confirmed they sold the 16-acre site to Keepmoat for nearly £6million. The purchase of the site from Tata Steel was finalized in October 2021.
Keepmoat Homes has already started building 172 new homes and converting listed buildings into 27 apartments. The development was named: “Moorgate Boulevard”.
The new project has been carefully designed to incorporate the main features of the site and will include the refurbishment of the original gatehouse and the retention of the tree-lined approaches and original Victorian landscape features and design.
The new development will see Keepmoat deliver over £70m of new investment to the area over the next three years, providing almost 200 new high quality homes, eight of which will be for affordable housing.
Chris Jones, Director, said: “Opportunities such as this site, with its original Victorian layout and original fully walled landscape features, rarely come to market – particularly for residential accommodation, and we are delighted to to have supervised this sale after several months of liaison.
“All parties involved, including Keepmoat Homes, Tata UK Ltd, the Local Planning Authority and many associated consultants, have been instrumental in bringing this site to fruition which will clearly be a huge success.
“It is clear from the interest of the general public throughout the consultation and planning process that there is significant demand to buy and live in this unique location, and we look forward to seeing the completed residential project come to fruition. “
Ben Hindley, Head of Land and Partnerships for Keepmoat Homes, said: “We are delighted to have secured this very special site, and we look forward to developing it and creating a superb collection of homes and apartments for residents of Rotherham.
“We place great importance on respecting a site’s heritage, and when completed, this site will provide both quality accommodation and a lasting tribute to the Centre’s history.
United Steels acquired the site in 1946 and in addition to research laboratories it also includes Swinden House, the former home of Rotherham solicitor Thomas Badger, as well as playing fields, tennis courts and orchards. The Grade II listed building, formerly known as the “Red House”, was completed around 1880. The stable block, walled garden and pavilion are also protected.
From 1948, the Swinden Technology Center had a major influence on the products of most manufacturing processes, especially in the growing aircraft industry and – at the time – new jet engines.