King Street Regeneration - Long List Drawn Up

Nine companies bid to develop piazza project

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Plans to redevelop the West End of King Street by demolishing the ugly town hall extension took a step forward this week after independent experts whittled 17 possible developers down to a long list of nine.

Respected property experts Cushman & Wakefield judged the 17 expressions of interest following an exhaustive evaluation process.

Developers were judged on a range of economic, legal and financial criteria including their past experience in delivering large mixed use regeneration projects. The detailed process is to test which companies have the best track record in delivering this kind of large scale project.

Cllr Nicholas Botterill, H&F Cabinet Member for Environment and Deputy Leader, said, "This is a small step in a lengthy process. We have now got nine possible developers who all meet the necessary criteria for a project of this nature. We will now explain the brief to them in more detail so they can go away and start drawing up ideas."

The successful developers will be invited to speak to council officials individually about the brief before each of them goes to the drawing board to come up with draft ideas for further discussion.

The long listed companies are: Land Securities Trillium Ltd; Development Securities Plc; Grainger Plc; London & Regional Properties Ltd; St James's Investments Ltd; Stanhope Plc; Delancey Real Estate Management Ltd; Galliford Try Plc; and Allied London Properties Ltd.

Cllr Botterill concludes, "Doing nothing is not an option and a piazza would open up the historic town hall as well as regenerating this run down part of King Street.

He pledged that disruption would be minimised and that everybody effected, including Pocklington residents, would be treated decently. The Developers will be told that any of the draft ideas that they come up with must retain Marryat Court, Cromwell Avenue and the line of trees and must explore the feasibility of including a small cinema"

Local resident, Raj Bhatia, Chairman of the Stamford Brook Residents Association added, "Having listened to the initial design brief I do believe that it's a good idea to rationalise council accommodation,
optimise land use and regenerate an important, but run down part of King Street."

June 27, 2007