Business

Fletton rising

The bulldozers moved in for the first demolition work to make way for the new Fletton Quays site earlier this summer. The removal of Aqua House opened the gateway for the £120 million regeneration development in Peterborough city’s centre. Now, with Bride Hall Development’s office scheme granted full planning consent and Weston Homes having submitting their detailed plan for the site’s residential phase, the main build of the Peterborough Investment Partnership development will soon be underway

If you make your way over Peterborough’s Town Bridge you will have noticed the disappearance of Aqua House. The building, on the corner of East Station Road close to the River Nene, was knocked down earlier in the year to mark the start of work for the Fletton Quays development on Peterborough’s South Bank. Fletton Quays is being taken forward by the Peterborough Investment Partnership (PIP), set up by Peterborough City Council and the Lucent Strategic Land Fund in January 2015 to take forward a number of city sites.

The vision for Fletton Quays

The vision for Fletton Quays has been to create a bustling riverside community of office, hotel and residential uses. High quality apartments, a hotel, offices and bars are all proposed for this riverside build. Bricks and concrete from the Aqua House building will be reused where possible in construction works for Fletton Quays. Plans have continued apace this year with Weston Homes recently submitting a reserved matters planning application for the residential phase that will deliver 280 high quality city centre apartments. Councillor John Holdich, Chair of the Peterborough Investment Partnership, said: ‘It is fantastic news that Weston Homes has submitted their plans and are keen to start the regeneration of this key component of Fletton Quays.

Positive announcement for Peterborough

The application is another positive announcement for Peterborough and shows the level of confidence in our city This confidence shown by Weston Homes, working with Peterborough Investment Partnership, is another indication of the investment in Peterborough’s city centre with a number of new restaurants and bars opening up in recent months. Weston Homes is no stranger to activity in the city. The company is transforming an area of land made vacant by the demolition of Peterborough District Hospital on Thorpe Road into high quality houses and apartments. Launched in June, the 63 homes include a mixture of new build and newly renovated properties. Bob Weston, the company’s Chairman, said, ‘Weston Homes are excited by how the plans are taking shape for Fletton Quays and we’re delighted to continue our support for the city. We hope to be on site before the end of 2016.’

Peterborough City Council on the move

Peterborough City Council also this year approved a proposal to relocate staff to new office premises on Fletton Quays. Under the plans, the city council would lease out both Bayard Place and the non-civic as it continues to grow.’ civic areas of the Town Hall for commercial use. The civic areas of the Town Hall, including the Council Chamber, would be retained and used as present. The proposal is set to generate the council additional income of £7.6million over the coming years, which will help to protect services. Peterborough Investment Partnership’s plans for Fletton Quays also include the refurbishment of the existing listed rail buildings, providing a link to the heritage of the site whilst also looking to meet the community’s present and future needs.

All in the mix

The overall intention of the development is to support the city’s thriving, diverse population, and the vibrant new spaces created in Fletton Quays will be aided by the inclusion of new cycle and pedestrian links. The site’s mix of office, retail and leisure accommodation will also create new jobs. Fletton Quays will complement the overall city centre growth which includes new restaurants like Côte and Wagamama as well as independent bars to enjoy a drink including The Bumble Inn and The Stoneworks Bar.

For more information, visit the Peterborough Investment Partnership website: www.peterboroughinvestmentpartnership.com

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