Several flagship regeneration projects in Derby city centre are one step closer to getting underway, after Derby City Council appointed strategic real estate advisor, Avison Young, to support its vision.
Derby City Council has an ambitious vision to bring a new lease of life to the city centre through transformative regeneration projects that will deliver new residential and commercial property, a vibrant new cultural destination and improved public realm and connectivity. At the heart of the vision is supporting the post-pandemic recovery of Derby by driving footfall into the city.
Following a competitive process, Avison Young won the brief to provide strategic advice on projects and help the City Council to deliver against its regeneration and property vision. This will see specialists from Avison Young’s agency, land and development, planning, valuation, building and property management teams work with the Council on its existing priorities while identifying new opportunities, drawing on extensive public and private experience.
One of Avison Young’s first projects will be looking at the City’s Cultural Heart. Assets envisaged to play a leading role in the plans include the Market Place, Assembly Rooms, Museum of Making, formerly the Derby Silk Mill which opened in May 2021, as well as the transformed Market Hall and a new performance venue at Becketwell. The Cultural Heart plans also aim to reinforce the City’s bid to become City of Culture 2025 after it was named on the long-list of entrants through to the next round.
