North Street Revamp Moves A Step Closer

Published on: 8 Jun, 2014
Updated on: 8 Jun, 2014

Redevelopment within North Street has moved a step closer with the announcement that Guildford Borough Council has signed an agreement with its preferred development partner Land Securities.

Aerial photo showing the North Street redevelopment area.

The council heralds the announcement as a “landmark moment for this major project, which will enhance the vitality of the entire town centre”.

The leader of the council, Stephen Mansbridge, said: “It’s important we take this opportunity to celebrate a major milestone in the progress we are making towards the redevelopment of the North Street site. The economic wellbeing of our borough is at the forefront of the council’s mind as a strategic priority. By working closely with Land Securities and the major landowner, M&G Real Estate, we are confident that we can secure the regeneration opportunities available in this key town centre site to benefit everyone for years to come.”

Riccardo Mai, project director at Land Securities, added: “The completion of the development agreement marks the end of the initial period of negotiations between Land Securities and the council. We are pleased with the progress made so far but, as with all projects of this size, complex negotiations between the landowning parties, the council and Land Securities must now continue.”

Jonathan Weymouth, development director at M&G Real Estate, said: “As the major landowner, M&G Real Estate is keen to ensure any future plans for Guildford’s retail core will unlock the town’s considerable potential and produce sustainable economic growth.”

Cllr Mansbridge promised: “We will continue to engage with local residents, businesses and stakeholders and the North Street Advisory Panel, which will meet in the next few weeks. In addition, there will be significant public consultation as part of the planning process. Local people will have every opportunity to offer their feedback on proposals as they emerge.”

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