UK regeneration specialist St Modwen Properties has teamed up with International Process Plants & Equipment (IPP) to purchase a 3.76 hectare site of the former ARC International glassworks in Sunderland. Pyrex oven-proof glassware was manufactured at the plant until late last year. Sunderland arc, the city's urban regeneration company had identified the former glassworks as a priority site on the edge of the city centre.
UK regeneration specialist St Modwen Properties has teamed up with International Process Plants & Equipment (IPP) to purchase a 3.76 hectare site of the former ARC International glassworks in Sunderland. Pyrex oven-proof glassware was manufactured at the plant until late last year. Sunderland arc, the city's urban regeneration company had identified the former glassworks as a priority site on the edge of the city centre.
The deal includes the operational plant of some 32,500 m2 of intensively developed buildings, half of which have some potential for re-use, and the machinery on the site.
Nigel Cunis of St Modwen said: 'We are very pleased to have secured this strategic property holding in Sunderland with its exciting regeneration potential which we expect to bring to fruition in conjunction with Sunderland arc and council.'
'The site was secured by maximising the synergies between IPP's expertise in the world of plant and machinery and St Modwen¹s property expertise. We are now formulating a strategy for the site and in the short term will be offering the existing buildings for occupation on flexible terms.'
