Fairbank Investments submits landmark planning application for transformative development in Penistone

Highly anticipated plans to turn a partially Grade II listed Penistone heritage site that has been derelict for years have been officially submitted for approval, following an extensive consultation process.

Fairbank Investments Limited, a family-run property and land company based in Penistone, Sheffield has submitted a significant planning application to develop Penistone’s historic coal drops, signal house, and former railway siding site.

The ambitious proposals will revitalise the historic site in the heart of the market town, transforming it from a wasteland into a progressive and highly desirable development comprising retail and office space, combined with a premium hospitality venue and contemporary business units.

After extensive consultations and careful consideration, the company has put forward detailed proposals for a dynamic, mixed-use development that will boost the local economy while preserving the rich, industrial heritage of the area. Restoration of the culturally significant location will also create many jobs and deliver future prosperity for the site.

Steeped in history, Penistone’s coal drops site serves as a poignant reminder of the town’s industrial past. Recognising its cultural importance, Fairbank Investments has seized the opportunity to revitalise this historic location, preserving its heritage while welcoming a new era of economic growth.

Fairbank Investments has a proven track record of delivering successful, sustainable development projects. As previous owners of the former David Brown factory site on Green Road in Penistone, the company revitalised the site after transforming it into a new business park with offices and warehouse space. The development created new jobs and attracted multiple businesses to the area, and showcased eco-friendly design and building practices throughout.

The proposals for the coal drops site encompass a comprehensive redevelopment plan that blends historical preservation with modern amenities.

At the heart of the project is the conversion of Grade II Listed Coal Drop Arches into retail spaces, a thoughtful restoration that will breathe new life into the historic structures while maintaining their architectural character. The development also includes over 4,000 sq ft of premium restaurant and bar space, designed to offer a vibrant dining and social experience. This hospitality venue will feature an outdoor terrace with stunning views and access from the Trans-Pennine Trail, as well as a statement reception lobby and lounge area, further enriching Penistone’s social scene.

A cutting-edge new-build office block, spanning approximately 9,000 sq ft, will offer workspace tailored to meet the needs of modern businesses, fostering growth and innovation within the region. Complementing this are four contemporary hybrid business units, offering flexible spaces designed to accommodate a range of office and light industrial uses, ensuring adaptability for diverse enterprises.

The redevelopment plan also includes the conversion of the original signal house for various uses, a sensitive approach that will retain the charm of this historic building while providing versatile opportunities for business or community use.

The comprehensive proposal aims to create a dynamic, mixed-use development that respects Penistone’s heritage while driving economic growth and community engagement.

Antony Green, Director of Fairbank Investments Limited, said: “We are incredibly proud to bring forward this ambitious project, which reflects our deep commitment to Penistone’s heritage, economic growth, and community development. Through this carefully planned redevelopment, we aim to create a thriving business hub while preserving the town’s historical essence.”

Fairbank Investments has worked diligently with Axis Architecture, to address key planning considerations, ensuring that the project respects the historical significance of the site while introducing innovative, high-quality spaces that will contribute to the town’s future prosperity.

The company looks forward to engaging with local stakeholders and authorities as the application progresses and remains committed to delivering a development that enhances Penistone’s commercial and cultural landscape.