McLaren Property and Arlington Real Estate have been selected as the strategic developers for one of the UK’s largest city centre regeneration schemes.
Homes England and Network Rail appointed the pair as their preferred partners for a major brownfield redevelopment scheme called York Central.
York Central is a 45-hectare underused railway site that will deliver up to 2,500 homes (20 per cent affordable) and around 1 million sq ft of commercial space for offices, retail and leisure.
A network of public squares linking surrounding neighbourhoods in the city will be built, as well as improvements to York Railway Station and National Railway Museum.
£135 million of infrastructure works are already underway to allow the scheme to progress, including more than 3 km of new roads, footpaths and cycleways and two new bridges over the East Coast Main Line.
York Central is being brought forward by Homes England, Network Rail, the City of York Council and the museum.
Up to 6,500 jobs and more than £1.1 billion could be created for the local economy per annum.
JLL real estate acted for Homes England and Network Rail in the procurement process.
“This is a major milestone in the important regeneration of York Central,” said Peter Denton, chief executive at Homes England. “Over the last few years, Homes England and Network Rail have worked closely with City of York Council to create a vision and masterplan and have invested in the critical infrastructure to make this a reality. It will now be delivered at pace through our chosen development partner for long term delivery and stewardship.”
Allan Cook, founder of Arlington Real Estate, added: “Having spent the last 15 years focussing on the delivery of large-scale mixed-use development schemes in the North of England we have witnessed firsthand the positive benefits, to both communities and the local economy, of large-scale regeneration.
“We are delighted to have been given the opportunity, alongside our partners McLaren Property, to be able to write the next chapter in the story of this great historic city.”
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