Friargate Portergate

Friargate demolition underway

Vale Park Demolition Services has started on site at Portergate Properties' £18m mixed-use scheme in Friargate, Preston.

A team of 15 demolition experts is preparing the 1.5-acre site for the main contractor, Eric Wright Group. The project involves stripping out the interior of the existing structures before bringing in specialist equipment to level the buildings.

Portergate's development at the northern end of Friargate is set to include retail premises and a 253-bedroom building providing hotel-style accommodation to students at the nearby University of Central Lancashire.

The flats will also be available for graduate students and apprentices and workers in Preston's high-tech manufacturing sector and enterprise zone.

The shop and apartment complex has been designed around open garden areas by architecture practice Leach Rhodes Walker.

Anthony Jackson, chairman of Portergate Properties, said: "There is strong, growing demand for quality properties from investors, something we have seen since the beginning of our successful £16m Riverside House project in Salford.

"We're already seeing major investment in our concept of luxury boutique hotel accommodation in towns and cities with thriving universities and growing student populations.

"Investors are also looking at the growing importance of the university sector to the UK's economy and the rising number of overseas students being attracted here."

Your Comments

Yet another corporate investment opportunity for out-of-town investors. This type of development does nothing for the local economy. It does much less for small local landlords, retailers and business owners. Preston already has a huge amount of purpose built student accomodation right in the town centre, pushing small business out into the few industrial estates on the outskirts. A vibrant town centre needs diversity, not more ‘investment opportunities’ for big corp financial institutions in London who’ll take all the profits from this venture and give nothing to the local community.

By Paul Morris

So, no one in Preston has any money invested in London?

By Cockney Geezer

Probably Not!

By Danny Dire

Quite the opposite Cockney Geezer. Every taxpayer In Preston has money invested in London. That’s where most of the taxes we pay end up and are spent.

By Paul Morris

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