Church move secured

Bondholder Salloway Property Consultants has negotiated the final piece in the jigsaw for the Becketwell development site with the movement of the United Reformed Church to a new site.

Contracts have been exchanged on the sale of Victoria House on the corner of Victoria Street and Becketwell Lane to Bondholder Derby City Council by the church which will move to Stuart House on Green Lane. Salloway Property Consultants has represented the church in both of the contracts.

Its managing director Stephen Salloway said: “These transactions represent the final piece of the jigsaw in making way for the first phase of the most significant development project the City centre has seen since Westfield/Intu. It was not an easy deal because it involved sale and relocation. We all believe in the Becketwell redevelopment but there needed to be flexibility and co-operation on all sides to make this happen.

“The United Reformed Church was always keen to support such a significant regeneration project but has had to balance that with the requirements of the congregation and the very important community services it offers.

“To achieve these deals, we have needed co-operation from both the estates and regeneration departments of the council, the Prince family, who are the owners of Stuart House, and their agent [Bondholder] Raybould & Sons.

“We would also like to thank Becketwell’s developer, [Bondholder] St James Securities, whose team have also been extremely helpful.”