Durham Riverside Renewal

Lord-Lieutenant inspects progress of Durham Riverside Regeneration

12/07/2017

The developers of Milburngate welcomed Her Majesty’s Lord-Lieutenant of County Durham to Durham City’s Riverside to see the progress of their landmark regeneration project.

Mrs Sue Snowdon, who is Her Majesty The Queen’s representative in the county, was given a tour of Durham Riverside, which included the completed regeneration of Freemans Reach and an update on the progress of the demolition of Milburngate House on the opposite bank of the River Wear.

Freemans Reach has become the new home of Her Majesty’s Passport Office and National Savings and Investments after both organisations vacated Milburngate House, helping to retain more than 1,000 jobs in the city.

It was developed by a consortium of Carillion, Arlington Real Estate and Richardson’s Capital and includes new public areas, a riverside walk, which has opened up this part River Wear to visitors for the first time, and a hydro-turbine that uses the power of the river to generate electricity for the National Grid.

The move became a catalyst for the consortium’s regeneration of the Milburngate House site, which is being transformed into a new, £150m living, working and leisure destination, Milburngate.

Milburngate will feature an Everyman Cinema and a range of premium restaurants and bars including a Pitcher and Piano. The development will also include high-specification apartments and high-quality, energy-efficient office space.

Her Majesty’s Lord-Lieutenant of County Durham, Mrs Sue Snowdon, said: “I am extremely impressed with what I have seen and this development is a major component in the economic development of the county and region.”

Christopher Ives, Development Director at Carillion, said: “It was a pleasure to welcome the Lord-Lieutenant to the Riverside to see how we are transforming this important part of the city. Durham is a wonderful place, which has already benefited from the regeneration of Freemans Reach and will be further enhanced by the creation of Milburngate.”

ENDS

NEWS RELEASE: ISSUED ON BEHALF OF DURHAM RIVERSIDE RENEWAL

For further information contact Jamie Collis 01325 363436

Photo caption: Back row left to right: Kingsley Smith (Clerk to the Lord-Lieutenant), Tony Forester (Durham County Council), Ben Sykes (FaulknerBrowns, Durham Riverside architects), and Kevin Edworthy (Durham County Council). Front Row: Ian Crampton (HM Passport Office), Her Majesty’s Lord-Lieutenant of County Durham, Mrs Sue Snowdon and Neil McMillan (Durham Riverside developers)

Editor’s Notes:

Durham Riverside Renewal

The development consortium consists of Carillion, Arlington Real Estate and Richardsons Capital LLP.

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.

The project includes the regeneration of Freemans Reach and the redevelopment of Milburngate House, which are on adjacent banks of the River Wear in the heart of Durham City.

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.”

About Carillion plc

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects, extensive construction capabilities and a sector leading ability to deliver sustainable solutions. The Group had annual revenue in 2016 of £5.2 billion, employs around 48,500 people and operates across the UK, in the Middle East and Canada.

The Group has four business segments:

Support services – this includes facilities management, facilities services, energy services, utilities services, road maintenance, rail services, remote site accommodation services and consultancy services 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 in the UK and Canada.

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.com

About Richardsons Capital

Richardsons Capital is a private, family-owned and operated property business formed over sixty years ago and headquartered in the West Midlands. The company is primarily focused on property development and investment in the UK and overseas. Typically working in joint venture, the business has a long history of successful partnerships, having developed over 6 million sq ft of real estate across all sectors.

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