JV readies application for £250m Bolton scheme
Bolton Regeneration, a joint venture between Beijing Construction Engineering Group International and Midia, has drawn up plans for its £250m regeneration of Crompton Place Shopping Centre and is preparing to submit them to the council.
The project, known as Bolton Victoria Square, is one of five regeneration areas earmarked for a total £1.5bn of investment by the council and its partners to improve the town over the next decade.
Designed by architect Chapman Taylor, Bolton Regeneration’s plans for the site include a 110-bedroom hotel, 150 homes, an 80,000 sq ft office, and a mixed-use retail, leisure, dining and events space dubbed Bolton Works, alongside improved public realm. The scheme would be named Bolton Victoria Square.
Bolton Council acquired the 280,000 sq ft site in June 2018 for £14.8m from Santander Pension Fund.
Hive Land & Planning is the planning consultant for the project.
Steven Turner, director of Bolton Regeneration, said: “We received an overwhelmingly positive response from the public and believe this development meets the needs of the local community and visitors alike while stimulating long-term economic growth for the town centre and wider borough.”
Justin Cove, director at Hive Land & Planning, added: “This is an exciting time for Bolton. Bolton Victoria Square sits in the heart of the town centre and aligns with the wider aspirations for the town. If approved, it will completely transform Bolton…[by] creating new working, living and social spaces to kickstart the regeneration of the town and build momentum for delivering long-term change.”
Other pipeline schemes in Bolton include Beechline’s £55m Trinity Gateway project and an 87-bedroom hotel at Bolton Le Mans; a £150m scheme to revamp Church Wharf, which is being delivered by Muse Developments, and a 200-home, £27.5m residential scheme on the Central Street car park, proposed by Placefirst.
Last week, the council unveiled plans to create a “digital city” around Blackhorse Street, and said it was exploring a number of joint venture options to deliver the project.