Rainier Developments Limited has agreed a deal to bring forward a major regeneration opportunity in Coventry. The Warwickshire-based developer will begin working on new proposals for Sandy Lane Business Park and Sandy Lane Industrial Estate, north of Coventry Canal Basin.
The former Daimler car factory site has been owned by The Wigley Group since 2006 and has already been earmarked for regeneration by Coventry City Council.
The Wigley Group has already transformed the site’s derelict Daimler Powerhouse to create a £2.4 million state-of-the-art creative hub. The hub has been delivered to support artists across the region and will be retained in any future proposals.
Rainier Developments Limited will bring forward new proposals and submit a planning application in due course. This will follow detailed discussions with Coventry City Council, key local stakeholders, and a public consultation process.
Proposals are likely to include a mix of uses, including new homes, and commercial space in a canal-side location.
Richard Mees, Chief Executive at Rainier Developments Limited, said: “Sandy Lane is one of Coventry’s most exciting regeneration opportunities. We will bring forward proposals which will enhance the local economy and provide value for the city and community.
“The Wigley Group has made significant progress promoting the site for regeneration. Not least bringing Daimler Powerhouse into use as a creative hub. We will build on this legacy as we review the vision for the site.
“Given the changes to market conditions since plans were first published, we will be reviewing every aspect of the approach and submitting a new planning application for this prominent brownfield site.”