Durham Riverside Renewal
Plans submitted for Milburngate regeneration
A formal planning application has been submitted for the £150m regeneration of Milburngate House in Durham City.
The development consortium, consisting of Carillion, Arlington Real Estate and Richardsons Capital LLP, has made the application to Durham County Council for a premium, mixed-used development that will create 400 new homes on the city’s riverside.
The submission follows the announcement that Milburngate has been selected to be the location of the first Everyman boutique cinema in the North East after contracts were exchanged between the developers and the cinema operator.
Forming the cornerstone of Milburngate’s leisure offering, Everyman Cinema will be joined by a collection of premium restaurant and bar operators with whom the consortium are in advanced talks.
Alongside the leisure offering will be high-specification apartments, the majority of which will be available for long-term rental with the remainder available for private sale thereafter.
Milburngate will be complemented by up to 150,000 sq. ft. of high quality office space, incorporating sustainable and energy efficient design in keeping with its sister development at Freemans Reach on the opposite bank of the River Wear, which the consortium also recently completed.
Neil McMillan, Development Director at Carillion, said: “We are delighted to have submitted this application, which will mark the next major stage of the regeneration of the northern quarter of Durham City and help Milburngate become a location of regional significance attracting visitors from across the North East and beyond.”
“We have received a high level of positive support for our proposals from local people, which, together with the commitment from Everyman, provide a strong endorsement for our vision for the riverside.”
Allan Cook, Managing Director of Arlington Real Estate, said: “The regeneration of Milburngate House really is a once in a lifetime opportunity and it is a great privilege to be able to create something really special here in our native North East. Milburngate will be delivered by our long-standing and experienced team all of whom share a vision of transforming Durham’s Northern Quarter into a truly world class location.”
“Shaping such a large part of a World Heritage City Centre is a big responsibility, but I am confident that Milburngate, like Freemans Reach, before it will prove to be another exemplar development, which will see positive change for residents and visitors alike.”
NEWS RELEASE: ISSUED ON BEHALF OF DURHAM RIVERSIDE RENEWAL
CONTACT: Jamie Collis on 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.”
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 2014 of some £4.1 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, 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