Durham Riverside Renewal
Homes and Communities Agency CEO visits Freeman's Reach development
The Chief Executive of the Homes and Communities Agency (HCA), Andy Rose, visited Freeman’s Reach to review the progress of the regeneration of Durham City’s Riverside.
During a tour of the development Mr Rose helped lay the foundations for the new Durham base of Her Majesty’s Passport Office and witnessed the impressive progress that has been made on the site of the former ice rink, since it was acquired by the HCA as a strategic site for regeneration.
In 2012 the HCA entered into a development agreement with Durham County Council and a consortium led by Carillion Developments and Arlington Real Estate, to invest £27m into the riverside scheme.
Phase 1 of the development is the construction of a new office for National Savings & Investments which will accommodate around 400 jobs in Durham City. The building is on course to be completed in early 2015.
Construction of Phase 2, the new Passport office, is taking place simultaneously with phase 1 and will secure 950 jobs (812 full-time equivalent) in the city.
Completion is scheduled for 2016.
Mr Rose was also shown the recently-installed Archimedean screw, which will power a hydro-turbine and enable Freeman’s Reach to become the first hydro-powered city centre development in the UK providing over 75% of its total power requirement.
He said: “Freeman’s Reach is a great example of partnership working between the HCA and private sector developers such as Carillion and Arlington, with vital support from Durham County Council. We work with local partners to meet their priorities and Freeman’s Reach is on course to provide significant local employment opportunities as well as improving the quality of the riverside.”
Neil McMillan, Development Director at Carillion Developments, said: “Working closely with our stakeholders, including the HCA, we’re really pleased to be able to deliver this important regeneration project.
“Mr Rose was impressed with the vision for Durham Riverside and the critical role that the Council and the HCA have played to deliver and enable significant employment opportunities in a high quality development.”
Allan Cook, Director of Arlington Real Estate, said: “Mr Rose saw first-hand how we are delivering on our commitment to providing an attractive and sustainable long-term future for Durham’s Riverside. He was particularly impressed with our use of renewable energy technology to harness the power of the river to minimise the carbon footprint of the development.”
NEWS RELEASE: ISSUED ON BEHALF OF DURHAM RIVERSIDE RENEWAL
CONTACT: Jamie Collis on 01325 363436
The development consortium for the Freeman’s Reach project is consists of Carillion Developments, part of Carillion plc, Arlington Real Estate, and Richardsons Capital LLP. The project is funded by Legal & General.
The development project leader is Allan Cook, Managing Director of Arlington Real Estate. Allan is a North East based regeneration specialist and property developer.
Arlington Real Estate and Carillion also work in partnership on another flagship County Durham development, DurhamGate. Located five miles south of Durham City, DurhamGate is on the site of Black & Decker former UK headquarters and, at 60 acres, is the largest regeneration project in the North East.
According to the Sunday Times 2014 ‘Best Places to Live’ listing:
“Durham is a lovely place to live. Beneath its glorious cathedral, you’ll find pretty cobbled streets stuffed with little independent shops and great watering holes, a beautiful river that carves its way through dramatic walls of rock and greenery, and some attractive house stock – along with a thriving buy-to-let market, thanks to all those students. One of the nicest places to live is South Street, which looks directly onto the cathedral and castle, and which inspired Sir Walter Scott. Many of its terraced houses are grade II listed; prices range from £400,000 to more than £1m.”
Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2013 of some £4.1 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada.
Carillion is a member of the FTSE4Good Index and in 2013 the Group was awarded Platinum Big Tick status in Business in the Community’s Corporate Responsibility Index. It has also achieved a position on the 2013 FTSE 350 Climate Performance Leadership Index and the Climate Disclosure Leadership Index, placing it within the top ten UK companies with regard to actions to mitigate climate change.
The Group has four business segments:
Support services – this includes facilities management, facilities services, energy services, utility services, road maintenance, rail services and consultancy businesses in the UK, Canada and the Middle East.
Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.
Middle East construction services - this includes building and civil engineering activities in the Middle East.
Construction services(excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.
This and other Carillion news releases can be found at www.carillionplc.comback to Durham Riverside Renewal