Major drive to woo investors

16/10/2019, PR-9200

Wakefield Skyline

Wakefield's Civic Quarter was this week showcased to property developers as the next major investment opportunity in the district.

The Civic Quarter, as well as the Council's development plans and aspiration for the city centre, were unveiled at an event in central London.

Developers from around the United Kingdom attended the event which coincided with MIPIM, the UK's leading property convention.

The collection of land and buildings, including the former Wood Street Police Station, Rishworth Street Car Park and the Crown Court attracted significant interest from developers.

Participants also learnt about the Wakefield's success at being shortlisted in the Government's High Street Fund bid and the recent commercial investments into the city.

Cllr Denise Jeffery
Cllr Denise Jeffery

Cllr Denise Jeffrey, Cabinet member for Regeneration and Economic Growth, said "We have very ambitious plans for our city and I am delighted to see the amount of interest shown in the Civic Quarter investment opportunity and we are keen to continue conversations with interested parties."

Tom Stannard, Corporate Director of Regeneration and Economic Growth and a keynote speaker at the event, said "We are keen to showcase the office, residential and leisure development opportunities in Wakefield and the district at a time when the Council's regeneration investment programme is expected to attract £7 billion over the next decade. We are delighted with the reception and attendance we received from developers."

The event is timely with work continuing on the Council's new draft Local Plan. The plan boasts potential of an additional 280 hectares of additional prime supply employment land and sets out the ambition to deliver 26,000 new homes over the next 19 years.

Alongside that, a multi-partnership Economic Growth Strategy sets out the blueprint for the empowerment of local businesses and growth of the local economy in the coming years.