It’s no secret that we’ve long championed Peterborough as a place to live, work and as an investment location, which is exactly why we launched our Nene Wharf Apartments in 2019. Since then, the scale of regeneration within the city has been remarkable, with £600m of planned investment within walking distance from our development alone.
In October 2020, we provided an update on the regeneration progress in Peterborough, but with the rate at which these projects are advancing, it is timely that we provide a new update on England’s fastest growing city.
Below, we have shared the latest on our Nene Wharf development at Fletton Quays; the growing distribution centre, Gateway Peterborough; and the city’s exciting new university ARU Peterborough.
Nene Wharf at Fletton Quays
At the end of January 2021, we officially launched the first sales at our exciting new riverside development, Nene Wharf at Fletton Quays. Having partnered with estate agents, Rosedale Land & New Homes, GRE Assets has released the first of 128 high-quality apartments for reservations.
Andrew Topping, Senior Operations Manager at GRE Assets, commented: “We are delighted to launch the sales of the first apartments at Nene Wharf, as it is a project we are extremely proud and excited about.
“When we first invested in Peterborough, we recognised what it had to offer in terms of connectivity and economic growth. It certainly hasn’t disappointed, we have seen with our own eyes the rate of development and regeneration, which is fantastic to see.”
Located adjacent to J17 of the A1(M), Gateway Peterborough is a 180 acre strategic site offering distribution and manufacturing space. Occupiers include LIDL, DPD, Press Glass and Coloplast.
Both the LIDL and Coloplast sites opened last year and further construction is ongoing, including a hub for US company, Lineage Logistics, which commenced at the end of 2020. With planning consent for four million sq ft of commercial and industrial space on the site, the ever-growing Gateway Peterborough is set to create up to 8,000 jobs once complete.
With planning permission granted in November 2020, construction of the £30 million ARU Peterborough commenced in December. The vision behind the project ‘is to work with employers as co-creators in developing and delivering the curriculum, which will be led by student and employer demand.’
Last month, a £16.47 million partnership was announced between 3D printing specialist, Photocentric and the Cambridgeshire and Peterborough Combined Authority, to build a manufacturing research centre at the new campus, as part of the second phase.
Construction of ARU Peterborough is on track and is set to welcome its first 2,500 students in Autumn 2022.
GRE Assets is currently delivering Nene Wharf Apartments, an exciting residential project in Peterborough and the second phase of Fletton Quays.
Date: 26 January 2021