Durham Riverside Renewal
Milburngate Secures Detailed Planning Permission
Detailed planning permission has been granted for the construction of Milburngate on the banks of the River Wear.
Durham County Council has agreed the application allowing for the creation of a brand-new living, working and leisure destination in the heart of the city.
The permission enables the joint venture of Arlington Real Estate and the Richardson family to deliver the first phase of development at Milburngate which, upon completion, will provide a range of leisure facilities, bars and restaurants, high quality offices and luxury apartments.
Already, Milburngate has attracted a range of premium occupiers including the Everyman boutique cinema, Pitcher & Piano and the new concept steak restaurant Bar + Block.
These high-profile brands will be joined by a 92-bed Premier Inn hotel; a detailed planning application for which will be submitted separately to Durham County Council.
The joint venture is currently engaged in a pre-qualification process with potential construction partners and following the completion of this in the coming weeks, an invitation to submit tenders from shortlisted contractors will be issued.
This landmark development in Durham will create a regionally-significant destination and lead to the creation of more than 1,000 new jobs, as well as enhancing the leisure, business and residential opportunities in the area.
Allan Cook, Managing Director of Arlington Real Estate, said: “Milburngate will bring a range of cultural, social and economic benefits and we are delighted Durham County Council share in our vision with the granting of our application. The delivery of this transformational project will have a positive impact that reaches beyond the City’s boundaries and will help attract people to Durham from across the North East and further afield.”
Cllr Carl Marshall, Durham County Council’s Cabinet member for economic regeneration, said: “We’re very supportive of this landmark development for County Durham, which will contribute to the county’s growing reputation as a destination for entertainment, retail and fine dining experiences.
“Through the creation of 1,000 new jobs in the city, we’re safeguarding the economic wellbeing of Durham for current residents and future generations of workers.”
NEWS RELEASE: ISSUED ON BEHALF OF DURHAM RIVERSIDE RENEWAL
For further information contact Jamie Collis 01325 363436
Durham Riverside Renewal
The development consortium consists of 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 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.back to Durham Riverside Renewal