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City Centre regeneration off to a flying start

20 July 2010

A major boost has been given to Leicester's regeneration plans. Learndirect, the well known training agency, will expand its Leicester base when it moves to its new premises at One Colton Square, off St George's Way. The move will be the city centre's biggest office letting deal in a decade and has business leaders highlighting the need for further office development in this part of the city.

Leicester is viewed as a central location by many businesses.  One Colton Square is situated near Leicester railway station and viewed by many as quality office accommodation. The fact that the building, which once was home to Charles Street police station, is now more than three quarters full is an encouraging sign for the redevelopment of the area.

Plans to clear a site for the proposed second phase development near to the railway station, have unfortunately been thrown into doubt by the rethink of the government funding, which involved £9 million from East Midlands Development Agency. 

If allowed to proceed, the construction for the second phase may create disruption to established businesses in the area. These companies can benefit not only from the regeneration of the proposed site, but by also seeking a temporary reduction in their business rates.

 

To find out more, please contact Ruddle Merz on 0800 883 0353.

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