14th February 2019
Our Wise Living scheme, a joint venture between SDL Asset Management and asset-manager ICG-Longbow, aims to revolutionise the private rental sector by challenging existing standards, and also has the backing of Mansfield District Council.
Keen to redevelop the brownfield site, the local council was key in bringing forward planning permission, and with the help of the Mayor of Mansfield, Kate Allsop, we officially opened the construction site on Valentine’s Day.
We are dedicated to our long-term commitment as an institutional landlord as homes are purpose-built and professionally managed. ‘The Old Brewery’ will include 75 family homes for rent, ranging from one to four bedrooms, all named after wise people, many of which have ties with the East Midlands.
Tenants can take their pick from the three-bed ‘Byron’ (Lord Byron – poet resided at Nottinghamshire’s Newstead Abbey), the two-bed ‘Lawrence’ (D’.H. Lawrence – writer and poet from Eastwood) or the four-bed ‘Nightingale’ (Florence Nightingale – founder of modern nursing who had strong ties with Derbyshire village, Holloway).
Paul Gratton, our CEO commented: “We are delighted to be part of helping to regenerate an area of Mansfield which has been derelict for over 15 years. Our main aim is to drive better living standards for our tenants and to create a family-friendly community that they are proud to call home.”
Kate Allsop said: “The council has been keen to see the derelict site of the old Mansfield Brewery redeveloped. This is why we have tried to facilitate this scheme which will provide much needed good quality rented housing by significantly reducing the land charges that applied to the site, based on an affordability assessment.
“This scheme fits well with the council’s wider vision and strategy for regeneration in Mansfield, and improving the district so that it is a place where people are proud to live and keen to visit.