Thu, 11 Aug 2011 | COMMERCIAL PROPERTY
Bristol-based developer Hawksworth Securities has acquired the former Six Bells pub, giving rise to the suggestion that the £450 million North Westgate project in Peterborough could be back on.
The stalled North Westgate project – a retail regeneration development – was put on hold by developer Hammerson in 2009 as a result of the economic crisis.
The acquisition of the Six Bells pub, which lies within the planned North Westgate site in Westgate, Peterborough, is being seen as an indicator that the project will be revived.
The pub – which was previously owned by Greene King – had initially been earmarked for demolition to allow the development to go ahead.
Alongside the Six Bells, Hawksworth Securities has also made another 'strategic acquisition' within the North Westgate site, according to Peterborough Today.
A spokesman for Hawksworth said, “Hawksworth Securities has been interested in developing the North Westgate area of Peterborough city centre for almost a decade and remains committed to bringing a scheme forward in the near future.
Along with this purchase we have made another strategic acquisition to consolidate Hawksworth’s land ownership with the North Westgate site,” the spokesman added.
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