City Wharf deals boosts New Bailey project

THE company behind the New Bailey regeneration scheme has acquired a key building, which will be demolished to make way for a Grade-A office.

English Cities Fund has acquired the City Wharf building on Bridge Street, allowing it to expand the ambitious New Bailey scheme.

City Wharf, a dated 1970s office building, will be demolished imminently and will make way for the next phase of the scheme.

The building stands immediately next to the site of One New Bailey, the flagship 125,000 sq ft office development which is currently on site and due for completion in May 2016. It is also near to the recently-completed 143-bed Premier Inn and 615-space NCP car park at New Bailey, both of which are now open and trading.

ECf is now hosting a competition to secure an internationally renowned architect for this latest phase. The winner will be announced in March.

After the demolition the site will be resurfaced allowing it to accomodate am “exciting outdoor events space and portable marketing suite”, ECf said.

Phil Mayall, development director at ECf, said: “New Bailey is moving forward at a pace. The acquisition and subsequent demolition of City Wharf is a big part of the scheme and we are very pleased that this acquisition has taken place on time, so that we can continue to move forward with the build programme.

“The events and marketing suite will be crucial to the development as it will be the first port of call for those looking for further information about the scheme.

“The appointment of a renowned architect and supporting design team will facilitate the timely redevelopment of the site to provide high quality office space offering floorplates of around 25,000 sq ft to complement One New Bailey.”

ECf is a joint venture between Muse Developments, Legal and General and the Homes and Communities Agency (HCA).

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