19 January 2018
Engine of the North completes sale of former Nantwich children’s centre
Former local authority children’s home in Nantwich has been sold for £3.5 million. Engine of the North, Cheshire East Council’s wholly owned strategic property company has completed the sale of the former council asset to Richmond Care Villages.
The redundant Redsands Children’s Centre, is to become a specialised 71-bedroom centre of excellence in dementia care, following planning approval last November. The sale will allow the project to move forward.
Engine of the North was created in 2014 to promote innovative and commercial strategies to exploit the Council’s surplus assets; creating jobs and facilitating economic growth and maximising capital receipts for the authority.
Councillor Jamie Macrae, Chairman of Engine of the North commented:
“Engine of the North is a team of property professionals, whose focus is to deliver on Cheshire East Council’s objectives, with the advantage of being able to think and work as a development company.
“In this instance, we have secured the sale of a difficult and sensitive site for a use that enjoys widespread support in the community. The sale has generated a substantial capital receipt for the Council and will pave the way for a substantial investment in a much needed specialist care facility that will serve the community and create new jobs.”
The site was marketed by commercial property agents, Colliers International.
Capital receipts generated by Engine of the North are used to support the Council’s capital programme.
The existing buildings will be demolished and replaced with a new care home facility, including car parking, a secure garden area and additional landscaped areas.
The new facility will create 80 jobs and operate as a satellite campus to Richmond’s existing care village in Nantwich.
Under the plans, Cheshire East will retain ownership of the land to the east of the former centre, which includes a pond and football pitch. The public footpath, which runs along the eastern boundary of the site, will be retained.