We’re not just talking about it, we’re doing it. Major new developments happening right now include:
The new Fletton Quays development is a major riverfront transformation providing 20 acres of prime development land for office, residential, restaurant, leisure and culture opportunities – all with a fantastic view of the Cathedral across the river.
An 11 screen cinema and a string of new restaurants are the focal point of a £30m redevelopment of Peterborough’s Queensgate shopping centre. Plans have been approved for the 77,000 sq. ft. extension – expected to create up to 200 jobs once complete.
The exciting North Westgate development has been given approval and includes plans for a new piazza, multiplex cinema, food hall, bars, restaurants, shops, offices, apartments and a hotel.
The 195,000 sq. ft. Ortongate Shopping Centre has just been acquired by property investors Reef Estates who plan to attract new retailers with a £3-4 million refurbishment investment.
The Vista development on the city’s South Bank is the country’s largest zero-carbon housing development situated just 10 minutes walk from the city centre and is a showcase scheme for environmental resilience and Peterborough’s ability to deliver major projects.
The £10m Future Business Centre near the city centre is a flagship development for our region helping set us apart. The Centre provides space and support to enterprising businesses and individuals who are looking to make a positive impact on people or planet.
The New University Technical College will begin offering courses and training for the engineers, builders, designers and architects of the future from September 2016.
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.
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.
City Centre Regeneration
Recently completed projects include:
- 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.
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.