A £27 million project to revamp part of Durham’s riverside, retaining 800 jobs in the city, has begun with the construction of a new development.
The regeneration of Freeman’s Reach, part of the Durham Riverside Renewal, will see the creation of high-quality offices for National Savings and Investments (NS&I).
The company will relocate from its home on the opposite side of the river, at Milburngate House, ensuring 395 jobs remain in the city centre.
The development consortium behind the project, which consists of Carillion Developments – part of Carillion plc – local property business Arlington Real Estate and Richardsons Capital LLP, have assembled an experienced team of experts to deliver the project, the first phase of which is planned for completion by 2015.
Over the build period alone, the project will support some 300 construction jobs.
Carillion Building is now on site and is in the process of letting subcontractor agreements. Already, a number of County Durham-based contractors have been engaged, including MGL Demolition, Oliver’s Tree Services from Whitton Gilbert, and Lyndon Scaffolding of Newton Aycliffe.
Neil McMillan, director of Carillion Developments, said: “Freeman’s Reach will prove to be a catalyst for regeneration in Durham City, not only on this site, but for other future developments in the city.
“In addition, at Freeman’s Reach, we are setting a new benchmark with highly sustainable and architecturally sympathetic buildings of a quality Durham deserves.”
Freeman’s Reach will prove to be a catalyst for regeneration in Durham City