Rochdale Secures Redevelopment Funds of 100 Million Pounds

Rochdale is seeing their ambitious redevelopment plans come to fruition.

Rochdale is seeing their ambitious redevelopment plans come to fruition.

Last year Rochdale announced their plans to redevelop the town centre to become an impressive centerpiece to the town and the largest in England. A portion of the wider scheme has just secured 100 million pounds in funding. Genr8 Developments, the town council’s partner in the regeneration project, secured the funds after closing a deal with the real estate investor company Kajima Partnerships.

The plans call for a department store, numerous retail outlets and a hotel to be a part of the redevelopment. Overall the wider redevelopment plan for the town centre is estimated to cost 250 million pounds. All will center around Rochdale’s famous town hall which was built in 1871 and is considered one of the UK’s best examples of Victorian Gothic Revival architecture.

Irene Davidson, Rochdale Council Leader said: “This is another important milestone for Rochdale town centre, with construction of the Sixth Form College complete, the building of the new civic offices under way and the Metrolink due to arrive in the town.

“We very much welcome the funding partnership and we look forward to working with Genr8 to progress a scheme through to planning application stage.”

The plans will be presented for public consultation and then afterwards will be presented to the Rochdale Council in 2011.  The development of the plans could begin as early as 2014 once they are approved.

In August plans were approved to improve Rochdale’s public transportation needs by adding several Metrolink extensions to the town by no later than spring of 2014.

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