Langtree in Warrington JV
Date:
Source: North West Business Insider
Property company Langtree has joined forces with Warrington Borough Council to drive regeneration in the town.
The new joint venture will be called Wire Regeneration and will mainly focus on the town's Southern gateway. The council is to be represented by economic development agency Warrington & Co.
One of its first priorities will be to refurbish the Wharf Industrial Estate, adjacent to the Riverside Retail Park.
John Downes, chief executive of Newton-le-Willows-based Langtree, said: "Warrington is one of the best performing economies on the UK cities list in terms of employment creation and is a business and investment destination with huge potential.
"We have widespread experience of delivering successful joint ventures with public sector partners so are very pleased to add Wire Regeneration Ltd to that growing portfolio and to be in a position to assist the town in the next chapter of its success story."
Terry O'Neill, leader of Warrington Borough Council, added: "This joint venture opens up many exciting development opportunities for Warrington Borough Council to work alongside Langtree to explore and maximise the potential of our joint assets and combined skills.
"The partnership will unlock growth potential and is another key project identified in our framework for growth, Warrington Means Business, which was endorsed by the council last year.
"We are delighted to be partnered with Langtree, a company which has a solid track record of quality and delivery and is highly respected in the industry."
In February, Langtree said it was hopeful of an "extremely successful year" in 2014 after noting a "turning point" in the market.
