Gordons advises on landmark redevelopment scheme in Bingley
Monday 6th April 2009
Leeds and Bradford law firm Gordons has advised investment and development company 4Urban Limited on its multi million pound redevelopment of the Myrtle Walk Shopping Centre, Bingley.
Harrogate-based 4Urban acquired the centre in April 2007 and planning permission has subsequently been obtained to carry out major redevelopment and refurbishment work to transform it into 5Rise – a landmark development comprising well known retail outlets and a new public Library for Bingley. Construction work has now started on site and completion is anticipated October 2009.
Existing tenants such as NatWest, Boots, Superdrug and Enterprise Inns will sit alongside new occupants including Co-op, Greggs and Bradford Council.
Gordons’ head of construction, Richard Piper advised 4Urban in relation to all aspects of the redevelopment from site acquisition, obtaining planning permission, relocation of tenants, pre-letting of units and procurement of the Building Contract.
Speaking of the project, Richard said: “I am delighted to have been involved in advising on the acquisition and re-development of 5Rise. The task of getting to this stage has been very involved with many issues to resolve, interests to acquire and strands to pull together. The teamwork involved between 4Urban, Gordons and the other construction professionals has meant that we have managed to reach this stage of the re-development in a timely and co-ordinated manner.”
“It has been great to be involved in another Yorkshire scheme which tries to make a real improvement to local business and the community. We have worked hard to ensure that the procurement contracts just happened, without making a great fuss. This has enabled the developer and his team of designers and builders to get on with the scheme.”
Richard Holmes of 4Urban commented: “5Rise will fill a gap in the market and provide a much needed quality retail offer. The close proximity to Leeds, Bradford, the Dales and its excellent transport links has made Bingley a much sought after residential destination but as a shopping experience it has been poor.”