30 July 2019 | Comment | Article by Caroline O'Flaherty
Hugh James has advised long standing client Rhondda Housing Association (RHA) on its acquisition of the former Co-Op supermarket site on Dunraven Street in Tonypandy.
The team - lead by partner Caroline O’Flaherty and supported by Caroline Melville, Associate and Clare Folland – Nickels, Senior Licensed Conveyancer, - advised RHA on the deal which completed on 28 June 2019. The project will see the site undergo significant development to provide new bespoke commercial retail space, co-working areas, affordable homes to rent and, potentially Rhondda Housing Association’s new head office. The mixed-tenure development is part of a significant scheme for the future regeneration of the Town Centre of Tonypandy, which is set to take place over the next two years.
Matt Worton – Director of Development of Rhondda Housing Association said:
“This is an exciting part of our strategic objective of being a key enabler in the regeneration of Tonypandy town centre. We were thrilled to have Hugh James on board supporting and advising us on this demanding purchase. The Commercial property team delivered a first class, professional service and were critical in ensuring we acquired the site on the vendor’s strict terms and tight timescales."
Luke Takeuchi – Chief Executive of Rhondda Housing Association said:
“We have invested in this latest acquisition as we feel this can add real value to the local community by proving employment opportunities, much needed quality affordable homes as well as giving RHA the space in which to grow our business in the coming years. It is an exciting project and one we are looking forward to getting started in the new year.”
Caroline O’Flaherty, Partner in the Commercial Property team said:
“We are delighted to have advised RHA on such a landmark acquisition site. RHA’s ambition and commitment to the local community in supporting employment opportunities, providing high quality homes and ensuring diversification in its developments should be applauded. We look forward to continuing to work with RHA in helping to deliver its challenging build and regeneration programme.”
Rhondda Housing Association's investment in the site will reinvigorate the town centre and will become an integral part of the wider regeneration plans for Tonypandy. Find out more here.