Durham Riverside Renewal
Permission granted for the development of Milburngate
The development consortium behind the regeneration of Durham City’s Riverside will embark on the next significant step of its masterplan after Durham County Council granted permission for the development of Milburngate.
Milburngate will be a premium, mixed-use development, which will provide the opportunity for circa £160 million of inward investment and lead to the creation of more than 1,000 full-time jobs and 650 construction jobs. The redevelopment of the site will commence in spring 2017 following on from the demolition of the existing building, which is currently in its first stages.
Featuring an Everyman Cinema as the cornerstone of its leisure offering, the riverside development will also host a range of premium restaurants and bars. Milburngate will also include high-specification apartments and high-quality, energy-efficient office space.
The developers Arlington Real Estate, Carillion and Richardson Capital LLP, are also in the process of concluding lease agreements with a number of leisure operators with formal announcements expected shortly.
Redeveloping the Milburngate House site, which was the former home of HM Passport Office and National Savings & Investments (NS&I), is the second key element of the regeneration of Durham’s Riverside.
The consortium has already successfully delivered the regeneration of Freemans Reach on the opposite bank of the River Wear, which created new, sustainable offices for HM Passport Office and NS&I helping to retain more than 1,000 jobs in the city.
Detailed planning permission was granted for Zone One of the Milburngate development, which includes the cinema, commercial and leisure units and 291 high quality new homes. The project also received outline planning permission for Zone Two and Zone Three of the development.
Christopher Ives, Development Director at Carillion, said: “Milburngate will breathe new life into the site and continue the positive transformation of the riverside; it will also aid the social, economic and physical regeneration of Durham City. The support we have received from the local community and stakeholders has been very welcome and we look forward to delivering a scheme that will add value to Durham and the North East.”
Neil McMillan, Managing Director of Arlington Real Estate, said: “We are very proud to have the opportunity to regenerate this prominent location at the heart of Durham City. Milburngate will enhance the vitality and viability of the city, providing those who live, work and visit with more choice.
“The calibre of the operators we are attracting, including Everyman, will add an experience and quality of offer not available in Durham and, indeed, in some instances not available in other parts of the North East. We believe this will increase the number of visitors to the City as consumers increasingly look for something different and unique.”
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 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 2015 of some £4.6 billion, employs around 46,000 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.back to Durham Riverside Renewal