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MASCO SCALING DOWN WALCOT YARD

Masco's plans for Walcot Yard to be turned into a centre for for design and sustainability excellence have been put on hold, according to the Bath Evening Chronicle, when their architect partners decided to expand their practice by opening a new office in Bristol.

Managing director Steve Tomlin was reported to say, "This is the hardest decision I have made in forty years of business. Without a strategic partner, or alternative investor, we cannot proceed with our Walcot endeavour. We are actively trying to attract a new investor and talks are taking place in London to enable us to continue with a presence in Walcot Street. Our experience in Bath has been positive and we have made many good connections."

Masco took over the premises in May, after the collapse of Walcot Reclamation a year ago. It has hosted a number of arts events there and Mr. Tomlin hoped that the yard would continue to exist in some form, and that it would try to redeploy staff to its main site at Minchinhampton in Gloucestershire.

Stop Press: To compound Masco's problems Twitter seemed to have closed its account on 8 December. Hopefully this will be back in action soon.

ID : (56753)
Date Created : 09 December 2010 02:07:58 PM
Date Modified : 09 December 2010 02:09:19 PM


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