Project Summary

Sector: Private Sector, Retail

Project profile: Design, Build and Finance and Letting risk a 1,600m² mixed use retail parade with a mix of A1 retail and A5 food units.

Customer: Hull City Council

Value: £4.7 million

Stage: Completed June 2015

Location: Orchard Park Parade, Hull

Professional Team

Funder: Chandler Investments

Tenant: Anchor – Heron Foods, Mixed A1 Retail & A5 Foods – with McColl, Copelands, Dove House and Barnado’s

Legal Advisor: JMW LLP

Architect: Bauman Lyons

Contractor: Hall Construction

Employers Agent: Spring & Company Limited

M&E: RPS

Structural: Tier Consulting

Planning Consultant: Eye Develop

Letting Agent: Fawley Watson Booth

Project Description

In 2010 Hull City Council embarked upon a public procurement process to seek expressions of interest and ultimately to appoint a preferred development partner to develop the Orchard Park site, a derelict retail centre in one of the most deprived wards in the UK. This development linked the NHS Integrated Primary Care Resource Centre with the community and completed the extensive regeneration plans for this specific locality.

Phase One (1,600m²) was handed over in April 2015 included ten units ranging in size from 84m² to 1,000m² providing a selection of A1 retail and A5 hot food units, customer frontage parking and rear service areas for deliveries. Pre-lets were secured with McColl, Copelands, Dove House and Barnardo’s.

Phase Two completed in June 2015, delivering the anchor unit for Heron Foods.

The scheme was funded utilising the Council’s covenant which not only raised sufficient finance to fund the scheme, but also created a significant profit rent and income for the Council.