Developer Altered Space has delivered state-of-the-art Kids Planet nursery on behalf of AlphaReal. The addition comes as part of a broader regeneration project in Stanley Square, Sale, where Altered Space also serves as the asset manager.
With over 170 locations throughout the UK, the new 6,000 sq. ft. Kids Planet nursery facility boasts numerous features, tailored to foster a nurturing environment for young learners. The development comprises a 21 space car park and landscaped gardens as well as housing a sensory room designed to stimulate learning and development. The addition of 109 nursery places is expected to generate 20 to 30 new jobs, providing a boost to the local economy.
Director of Altered Space, Mark Rebbeck said: “It has been great to work with AlphaReal on this project. Our approach to Stanley Square has always been to curate a diverse mix of amenities, providing the local community with a thriving and highly accessible town centre. Collaborating with AlphaReal to incorporate Kids Planet allowed us to faster execute this project, resulting in the creation of employment opportunities and attracting more individuals to work in the area.”
James Murray, Co Head Social Infrastructure for AlphaReal, who funded the project, said ‘’The successful completion of the nursery is great news for the local area, and ensures that residents will have access to high quality nursery services for many years to come. Altered Space’s work to regenerate Sale town centre is commendable. The creation of 109 new nursery places will support parents to return to work or increase hours, further stimulating the regional economy. The Fund continues to align itself with the social real estate sector within the North West and seeks to make a positive social impact whilst achieving appropriate risk adjusted returns’’.
The transformation of Sale’s town centre was last year recognised as a significant factor contributing to Sale’s naming as one of The Sunday Times Best Places to Live in 2023. Elsewhere in the north west, Altered Space has begun its regeneration of Cockhedge, Warrington. Like Stanley Square, the redevelopment also aims to have a positive impact on the town and local economic growth.