A leading development company is to kick-start the £120 million regeneration of Peterborough’s Fletton Quays.
Bride Hall Developments, of London, has agreed to buy a central plot on the 20 acre derelict site that adjoins the River Nene.
The company will deliver a high quality 9,000 sq metres office and ancillary car park, which will include the refurbishment of a Grade II Listed train shed.
This is the proposed location for Peterborough City Council’s new offices.
Nigel Desmond, managing director of Bride Hall Developments, said; “A detailed planning application is now being progressed and our aim is to deliver the completed building in July 2018.”
Approval for the Fletton Quays development was granted by the council shortly before Christmas.
Pram Nayak, joint managing partner of the Peterborough Investment Partnership, which is co-ordinating the development of Fletton Quays, said, “We are thrilled to be working with Bride
“To have a developer of their experience commit to this scheme and to Peterborough is a significant step forward and guarantees that we can actually deliver the regeneration of the South Bank.
The redevelopment of Fletton Quays will include 280 high-quality apartments, the creation of a new 160 bed hotel, as well as restaurants, leisure and retail facilities.
The plans also include about 16,000 square metres of prime office space, and the refurbishment of two listed and currently derelict 19th century rail sheds, which will be brought back to life around a central plaza, and will incorporate both office accommodation and community facilities.
Peterborough Investment Partnership, which made the outline application for the scheme, is a joint venture between Peterborough City Council and Lucent Strategic Land Fund.
Council leader Councillor John Holdich said: “This is great news for Peterborough.
“We continue to be one of the UK’s fastest growing cities and the Fletton Quays development will provide further new investment, job opportunities and growth as well as transforming this derelict site.
“The council has wanted to renovate the Fletton Quays site for at least 30 years.
“However, the complications with the ownership of the land and lack of funding have prevented earlier efforts.
“Now, we really will be seeing the transformation of the site.”