Merchant Gate phase launched

THE first phase of a major £140m scheme in Wakefield which has created a “vibrant urban quarter” has been launched.

Sir Michael Lyons, chairman of English Cities Fund, the developer behind the Merchant Gate project, officially launched the first phase.

The first phase will provide 66 apartments, 35,000 sq ft of retail and leisure space, 48,000 sq ft of grade ‘A’ office space based around a central courtyard, and a new multi-storey car park.

The Merchant Gate development is being delivered by ECf, a partnership between Muse Developments, Legal and General and national housing and regeneration agency the Homes and Communities Agency (HCA), with financial support from Wakefield Council, Yorkshire Forward and the European Regional Development Fund.

Sir Michael said: “We are delighted to be officially opening the first phase of the Merchant Gate scheme. This is a really important first step in reshaping a key gateway site and creating a vibrant urban quarter in the heart of Wakefield.

Our development will provide new opportunities for investors, businesses and residents alike. Whilst many other developments across the UK have been on hold due to the current economic climate, ECF partners have pressed on with the Merchant Gate scheme which now provides contemporary apartments, Grade ‘A’ office space, restaurants and retail for the people of Wakefield.

“This is a very significant moment for the Merchant Gate scheme and the wider regeneration of the city.”

Wakefield Council leader Coun Peter Box added: “The face of Wakefield is changing and the Merchant Gate scheme is one of the key regeneration developments driving this transformation. This scheme marks a change in the look and feel of the city centre, and what Wakefield can offer to residents, businesses and visitors.”

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