Following the news last month that the developers of Milburngate have secured a £120 million forward-funding commitment from LaSalle Investment Management, we take a look back at DPP’s work on the project since being appointed in 2015…
DPP’s Newcastle office secured consent for the demolition of the former HM Passport Office in 2015, and in March 2018 approval was granted for the redevelopment of the site which promises to deliver a new economic chapter for the historic cathedral city.
The mixed-use riverside scheme, adjacent to a World Heritage and conservation area, comprises 153 apartments, a 92-bedroom Premier Inn hotel and more than 50,000 sq ft of office space; leisure occupiers already committed include Pitcher & Piano, Bar + Block and Miller and Carter, and the North East’s first Everyman cinema.
Overall, the scheme will result in the delivery of £160m additional inward investment in Durham which will enhance the vitality and viability of the City, providing residents and visitors with an increased choice of town centre uses, high-quality public realm and improved access to the riverfront. In addition, the scheme will facilitate a number of job opportunities, with the creation of 782FTE jobs across Phase 1 with potential for a further 818 FTE jobs across Phase 2 which will come forward at a later stage following the completion of Phase 1.
“We’re proud to be involved in such an exciting, high-profile project,” says Faith Folley, Director of DPP’s Newcastle-upon-Tyne office. “I truly believe that the redevelopment will transform the area, opening up the use of the riverside and improving public facilities. It will also be a significant catalyst in generating jobs.”