Redevelopment For Peterborough's South Bank

23 July 2015, 10:43 | Updated: 23 July 2015, 11:01

Redevelopment of Peterborough's South Bank moves a step forward with proposals for a £120m investment.

The Peterborough Investment Partnership plan to submit an outline planning application for the Fletton Quays site in September.

The proposed development will deliver homes, offices and a new leisure offering on the banks of the River Nene in the centre of Peterborough.

The plans include the refurbishment of the existing listed rail buildings.

The plans include:

  • Up to 265 high-quality homes
  • Up to 175,000 square feet of office space
  • 160 bed hotel
  • Restaurants, leisure and retail opportunities
  • Cycle and pedestrian links along the south bank
  • New public spaces offering views across the river towards the cathedral
  • A dedicated wildlife area
  • The refurbishment of the listed rail sheds
  • The demolition of Aqua House at the entrance to the site
  • Creation of hundreds of jobs during and post construction

The scheme, which is in tune with Peterborough City Council's adopted planning policy, will be put forward by a joint venture partnership between the Council and Lucent Strategic Land Fund, known as the Peterborough Investment Partnership (PIP). 

Pram Nayak, Joint Managing Partner of Peterborough Investment Partnership said, "The establishment of PIP represents real commitment to the future of Peterborough. The development of Fletton Quays is key to the overall strategy for improving and revitalising Peterborough. We hope that people will be supportive of these plans to provide a much needed improvement in this area. Peterborough is the country¡¦s second fastest growing city and we need to provide top quality housing and business premises if we are to thrive and sustain this level of growth."

The plans will be available for closer examination at two public exhibitions scheduled for 12th and 13th August at The Key Theatre, Embankment Road, Peterborough, PE1 1EF, between 2pm and 7.30pm.