In a deal brokered by Bondholder Rigby & Co and with support from Bondholders Flint Bishop and Geldards as well as financial grants from D2N2 LEP, Bondholder Derby City Council has completed the purchase of buildings within the Becketwell area of the City to enable it to be re-developed for regeneration.
Another seven properties in the Becketwell area have been purchased, as the Council continues its strategy to consolidate land for a holistic regeneration scheme of the downtrodden area.
The buildings on Colyear Street were once home to the Pink Coconut nightclub, the former Pennine Hotel/St Peters Quarter Hotel, the former Redemption Nightclub, the former Syn Nightclub and the former Mint Casino. Also included in the sale are the NCP St Peters Quarter multi-storey car park, surface level car park on Becket Street and Laurie House.
With a combined area of 65,337 square feet of land (6,070 square metres), this latest acquisition brings the total amount of land now owned by the Council in the Becketwell area to 204,730 square feet (19,020 square metres).
Leader of Derby City Council Cllr Chris Poulter said “This is a huge milestone as it opens up huge opportunities for a bigger impact of the Becketwell Regeneration Scheme.
“The purchase has taken us even further towards accomplishing two key objectives of our City Centre Masterplan. One is for a holistic regeneration scheme for this area and the second is to release publicly-owned assets for regeneration in partnership with private sector developers.”