Saudi developers, Majdiah Residence, are bringing forward a 178,000 sq ft residential-led mixed use scheme as part of their £15 million renovation of the Grade II listed Meadow Mill.
Despite a ten week site shut down while Covid-19 measures were put in place, work is well under way again and completion is due in May 2021.
Located on Water Street and Tiviot Way and overlooking the Portwood Roundabout in Stockport town centre, Meadow Mill was acquired by Majdiah Residence in July 2018. The seven-storey mill, built in 1880, was originally occupied by T&J Leigh for its cotton and wool spinning business.
Under Majdiah’s ownership Meadow Mill has undergone an extensive renovation programme by the company’s development arm, which includes the provision of 213 one, two and three bedroom luxury apartments, as well as 23,767 sq ft of leisure and commercial space and a further 2,152 sq ft which is allocated to restaurant use.
Philip Harrison, Investment Manager at International Investment Gate who are acting on behalf of the owners, said:
Meadow Mill is a superb example of how Stockport’s historic mill buildings can be re-designed to have a bright new future. The re-development programme will deliver housing for the local community as well as leisure and commercial uses in a prominent location close to the town centre.”
Stockport’s Impey & Co has been appointed to market the 23,000 sq ft ground floor commercial space which has been split into five individual units. Surveyor at the firm, Johnathan Poole added:
Meadow Mill is one of Stockport’s most impressive historic buildings and the renovation programme will deliver a wide range of new uses designed to meet the needs of modern occupiers.
“Close to the town centre and with a significant amount of on-site residential accommodation and parking it is the perfect location for a business such as a gym or play centre. Although planning has been granted for D2 Leisure, in this location there these is a plethora of other potential uses for the ground floor subject to planning. Despite the recent lock down we are definitely seeing an increase in activity now the restrictions have been further eased and viewing numbers are increasing.”