Growth

We’re not just talking about it, we’re doing it. There are eight regeneration sites around the city centre:

1. Station Quarter

Peterborough Station is a vital rail intersection on the East Coast Main Line. Over 5 million passengers use the station every year with growth of 3% per annum over the next 5 years. There is a major opportunity to create a high-quality user experience that will transform visitor impressions of Peterborough and boost the city’s potential as a business location.

The vision shared by Network Rail, LNER, the Council and Combined Authority is to create a state-of-the-art station gateway building with a new office park and surrounding retail facilities.

2. North Westgate

This city centre site close to the station is ideally placed for commuters who want to make the most of the 39 minute train service to London. North Westgate has plenty of space for commercial and residential premises.

The ambition is to support city centre based, residential lifestyles providing excellent access to retail, cultural and leisure amenities. Planning policy supports mixed-use redevelopment including a range of retail, employment, housing, office and leisure uses, which integrate effectively with the existing
retail area.

3. Northminster

The vision for this site is to create major residential-led, mixed-use development within an enhanced public realm. The site has potential for over 150 dwellings and a new multi storey car park. Development should protect and enhance local historic assets, including the Cathedral Precincts and Peterscourt. The council will support proposals to improve or relocate the market.

4. Rivergate

Rivergate provides an important link between the city centre, the River, Embankment and Fletton Quays. There are opportunities for further redevelopment with housing and independent retail, food and beverage use.

5. University

From 2022 Peterborough will become home to a new business and technology focussed university with a curriculum geared to high growth sectors of the economy. The campus will expand to accommodate over 12,500 students by 2030.

6 & 7. Embankment and Middleholme

These sites present exciting opportunities for major multiuse commercial sport/leisure/ culture facilities and activities, and when combined with planned pedestrian and cycle links, they will be well connected to the river, the railway station and the City Centre. Middleholme is identified as an area for future residential development with a high design quality.

8. Fletton Quays

Fletton Quays is a £120 million riverfront transformation providing 20 acres of prime development land with fantastic views of the Cathedral across the river. The site is being transformed to provide 350 luxury apartments, modern office spaces, restaurant, leisure and culture opportunities, and will feature a Hilton Garden Inn Hotel, and a gin distillery.

Completed regeneration in the city centre – highlights

  • Cathedral Square and St John’s Square – £12.6 million investment.
  • Bridge Street public realm enhancement – £1.3 million investment.
  • Long Causeway public realm enhancement – £2 million investment.
  • Cowgate refurbishment to restore shop fronts to their former Victorian glory – £800,000 investment.
  • Bourges Boulevard highways scheme to make the arrival point from the train station more appealing and pedestrian friendly – £4.5 million investment.
  • Hereward Tower regeneration of city centre former office block to 33 luxury apartments – £4.3 million investment.

 

And there’s more!

Hampton

Two residential developments are now complete: Hampton Hargate (a community of around 1,700 homes), and Hampton Vale (with approximately 1,900 homes). Each neighbourhood has its own local centre with community facilities, shops and a primary school. Work is continuing on a third neighbourhood – Hempsted – and planning is underway on a fourth – the Hamptons – each with their own distinct character.

Hampton’s central and commercial areas adjoin these developments and include the Serpentine Green shopping centre, Hampton College secondary and primary schools, and two business parks – Cygnet Park and Kingston Park. Eventually, the Hampton development will have up to 8,500 new homes spread over four local areas, with additional schools, local centres, leisure facilities, and commercial and retail areas providing more than 12,000 jobs.

Great Haddon

The Great Haddon project is an exciting new development of a 390 hectare site in the city’s southwest. It will deliver:

  • 5,300 new homes, with a range of house styles, sizes and tenures.
  • A proportion of homes – around 35% – will be affordable, either as socially rented, shared ownership or homes for specific sectors of the population.
  • A range of strategic and small-scale facilities and sites providing employment opportunities to help support the emerging cluster of environmental industries in Peterborough.
  • A district centre with new shops, cafes and restaurants, offices, workshops, health and community facilities.
  • Three main residential neighbourhoods served by local facilities and primary schools.
  • A new secondary school.
  • Extensive sports facilities and sports pitches.
  • An open space network providing nature conservation and recreational opportunities.

 

These developments form part of a major sustainable growth programme in Peterborough that builds on the astonishing successes of recent years and puts us well on the way to becoming one of the most resilient cities in the UK.

Picture yourself as part of our growth story and find your place in Peterborough. ­Arrange a visit today.

See Land and Property to review some of our key business properties.