The North East
CASE STUDY: Houghton Colliery Houghton Colliery had stood empty for 40 years when Sunderland City Council agreed to sell it in 2019. Hellens Group is leading the £15m retail development park, in partnership with Sunderland City Council and development partners, Fintry Estates. Research by Hellens Group found that 70% of convenience goods (e.g. food) and 90% of comparison goods were bought from outside the area, in Sunderland, Washington and
Durham.The regeneration of this brownfield site adjacent to the town centre is aiming to draw people back to the area and support existing shops and businesses in Houghton.
The site will also feature artwork by the man behind Seaham’s famous sculpture, ‘Tommy’, Ray Lonsdale. The Coalfield Area Committee funding has been released by Sunderland City Council’s Copt Hill councillors for the sculpture dedicated to the areas mining heritage.
The project will create more than 100 new jobs in the local community. The redeveloped site will provide an attractive public realm space for the people of Houghton-le-Spring. The 6,100 sq m development will also provide 330 parking spaces for customers, including electric car charging points.
Gavin Cordwell-Smith, chief executive of Hellens Group, said: “Our Houghton Colliery development will breathe new life into the town and its economy, creating an attractive retail destination and jobs for local people in the process.”
CASE STUDY: Festival Walk, Spennymoor When the previous owners of Spennymoor’s Festival Walk went into administration, the site stood vacant for more than ten years. In that
CGI of proposed new supermarket at Houghton Colliery
time, Durham County Council has been working on plans to improve the site and redevelop it for the residents. Durham County Council, in partnership with lead developer Hellens Group, have invested £600,000 to transform the town centre and provide an attractive and modern retail location for private investment.
Hellens Group are demolishing the majority of Festival Walk in order to regenerate the space and reposition the site as a great place to be for both businesses and consumers. At least 10 new jobs will be made available upon completion of a 1,760 sq m Aldi discount retail store and a new public realm will invite the community to relax and enjoy their town centre. A number of refurbished retail units totalling 1,460 sq m will be made available to rent by Hellens Group on attractive terms to both local and national businesses. With an additional 140 car parking spaces, including electric vehicle charging points, the redeveloped site will be the new place to visit for all surrounding towns.
Houghton Colliery Houghton Le Spring | DH4 4AU BRAND NEW RETAIL UNITS FULLY LET
Festival Walk Spennymoor | DL16 6AB
NEWLY REFURBISHED RETAIL UNITS
TO LET
Adjacent to the new Aldi Units from 727 sq ft to 4,289 sq ft
Viewing strictly by prior appointment via
letting agents Mike Birkett
mike@reidbirkett.co.uk T: 01661 820 771 M: 07947 134 117 Development by
COMMERCIAL PROPERTY MONTHLY 2021
73
BE REVEALED SOON!
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