240606 | Collapsed North Quay development in Hayle to be completed | A new contractor been appointed to take project on
Submitted by InYourArea and ... on Mon, 10/06/2024 - 00:00.
Collapsed North Quay development in Hayle to be completed
A new contractor has now been appointed to take the project on
By
Olivier VergnaultSenior Reporter
- 05:00, 6 JUN 2024
![The North Quay Hayle development, which has been on hold since going into administration in February 2024.](https://archive.is/muBaW/2b6bd26e515de80ec735817083819d5765824be9.webp)
Work on a controversial harbourside housing development which stopped
in its tracks when the company behind the scheme dramatically went bust
is to start up again. At the end of January work stopped on the
controversial North Quay Regeneration housing scheme in Hayle after all companies involved went bust, leaving more than £135 million in debts.
The 100-acre site was padlocked and London-based administrators Moorfields Advisory were appointed
to sort out the mess. At the time Moorfields said that the two
residential buildings in phase 1 were complete and all units in these
buildings had sold. However the collapse of the project has left future
phases of the construction project on hold.
The specialist recovery firm was appointed administrators of Sennybridge (Hayle
Limited; Corinthian Plant Limited; Corinthian Pencoed Limited;
Corinthian Land Limited and Corinthian Access Limited. Other companies
involved in the scheme including including Hayle Harbour Authority
Operations Limited are managed by other administrators as a total of eight firms went bust - all run by Simon Wright.
More on the North Quay development collapse
The
site, situated within the Cornwall and West Devon Mining Landscape
World Heritage Site, holds planning permission for residential homes,
retail, business, and leisure spaces. Moorfields has now announced that
work to complete the ongoing phase of the project is expected to start
soon after it appointed a new construction company to take it on.
The
administrators also said that a property management agency has been
appointed to manage the completed blocks and estate while it is also
"working closely with the harbourmaster and his team to ensure the
harbour runs effectively".
At the beginning of the year when the project run by Mr Wright, and his wife Rebecca
collapsed, many local residents and businesses in Hayle worried not
only that the site could remain an unfinished eyesore for years but also
that they could be out of pocket if the administrators were not able to
sell up any assets after the largest secured creditors had first been
repaid.
LOADING
![The North Quay Hayle development, which has been on hold since going into administration in February 2024.](https://archive.is/muBaW/b1d558861ca87a707c06edc718c5bb3f13044147.webp)
Arron
Kendall, administrator and partner at Moorfields Advisory, wanted to
reassured the community that progress is now being made on site so the
locals' fears are allayed.
He said that Moorfields has assembled an "experienced development and
consultant team to swiftly address the challenges posed and deliver the
scheme". He added: "A new contractor has been appointed to complete the
construction of Block Y1, known as Copper House. The contractor is
already on site, and it is anticipated the homes will be launched for
sale in September 2024.
"Rendall
& Rittner, a leading property management agency, has been appointed
to manage the completed blocks and estate. This will ensure a
pro-active approach to development maintenance and effective
communication to residents."
He
added: "We are working closely with the harbourmaster and his team to
ensure the harbour runs effectively. Critically, dredging of the estuary
re-commenced in April with a new contractor, Padstow
Sea Sand Limited. Regular dredging of the harbour will continue to
improve the tidal flow through the estuary, supporting the fishing and
sailing communities."
Mr
Kendall further added: "We have selected an experienced team to work on
this project, and they have worked extremely hard in the first three
months. We are really pleased with the progress achieved, across both
the scheme and wider estate. We remain committed to delivering this
project."
- Printer-friendly version
- Login or register to post comments
- Permalink
Contributions
- Angarrack Defibrillator Team (25)
- Angarrack Inn (336)
- Angarrack Methodist Chapel (3)
- Carol (15)
- Gail (1)
- GordonG (12)
- Hayle Development Group on Facebook (5)
- Hayle Harbour Authority (4)
- Hayle Town Council (5)
- louise (1)
- Lynne (94)
- Mal (1)
- MattBuckley66 (9)
- Neil (22)
- Neils Garden Care (9)
- Russell (21)
- Secretary - Christmas Lights (122)
- Steve (3)
- webmaster (5047)
Book page
tags in
Similar
- 230417 | Hayle North Quay collapsed company Sennybridge leaves £135 million debts
- 240224 | Doomed Hayle North Quay development through the years - in pictures
- 240218 | Collapsed North Quay development in Hayle described as a 'sea of despair'
- 240214 | Hayle North Quay development collapse sees eight companies go bust Work has ground to a halt on the blocks of flats
- 210721 | Liverpool stripped of UNESCO World Heritage Site status over waterfront development
Similar across site
- 240606 | Collapsed North Quay development in Hayle to be completed | A new contractor been appointed to take project on
- 230417 | Hayle North Quay collapsed company Sennybridge leaves £135 million debts
- 240224 | Doomed Hayle North Quay development through the years - in pictures
- 240218 | Collapsed North Quay development in Hayle described as a 'sea of despair'
- 240214 | Hayle North Quay development collapse sees eight companies go bust Work has ground to a halt on the blocks of flats
Hayle and Angarrack news | Google
- Cornwall beaches where you can now walk your dog again - Cornwall Live
- Cornwall beaches where you can now walk your dog again - Cornwall Live
- A30 delays cleared after three-vehicle crash between Camborne and Hayle - Cornwall Live
- A30 delays cleared after three-vehicle crash between Camborne and Hayle - Cornwall Live
- A30 delays cleared after three-vehicle crash between Camborne and Hayle - Cornwall Live
- A30 delays cleared after three-vehicle crash between Camborne and Hayle - Cornwall Live
- Former police officer avoids jail for sending homophobic messages to victim - Cornwall Live
- Former police officer avoids jail for sending homophobic messages to victim - Cornwall Live
- Ex Hayle PC barred by police following criminal conviction - Falmouth Packet
- Petition launched to stop sand being removed from Cornwall beach immediately - Falmouth Packet
- Unique sauna service brings wellness experience to Hayle this week - Falmouth Packet
- Bakery marks 25th anniversary with donation to support Cornwall hospice patients - Falmouth Packet
Problems within 7km of Hayle | FixMyStreet
Hayle News
- Last evening (5 September 24), during a meeting of the Full Council, updates were received from the Harbour Master on behalf of ...
- A post from Hayle Town Council
- Agenda of Amenities Committee Meeting, Thursday 12 September 2024:
- *Creative Art Sessions!*
- A post from Hayle Town Council
- Cornwall beaches where you can now walk your dog again - Cornwall Live
- Cornwall beaches where you can now walk your dog again - Cornwall Live
- A30 delays cleared after three-vehicle crash between Camborne and Hayle - Cornwall Live
Recent comments
3 weeks 1 day ago
20 weeks 3 days ago
1 year 3 weeks ago
1 year 5 weeks ago
1 year 5 weeks ago
1 year 15 weeks ago
1 year 27 weeks ago
2 years 2 days ago
2 years 10 weeks ago
2 years 22 weeks ago