15 Feb Central House acquisition will help Maidenhead parking issues
Central House has been acquired by the Royal Borough to help increase parking at Maidenhead’s Nicholsons Centre.
Page Hardy Harris have sold the full ownership of Central House (formally Costain House) to the Local Authority. Mark Harris, who heads up the Maidenhead office says,
“We have been pleased to be involved with this transaction which will assist with new parking alongside expediting Maidenhead Town Centre’s redevelopment.”
The 37,980 sq ft office block above the shopping centre was formerly home to engineering firm Costain but has been empty for more than five years. It’s acquisition will make it easier to increase the capacity of town centre parking ahead of regeneration and in line with the recently adopted parking strategy.
London & Aberdeen, developer of The Landing scheme has been appointed the council’s development manager for the site so the enlarged car park will connect both.
Cllr Jack Rankin, cabinet member for economic development and property, said: “It is fantastic that we have been able to acquire this key property as it sits right in the centre of some of the bold regeneration plans. Having full ownership of Central House opens up more possibilities for us to increase our parking capacity in the town centre which is a vital part of building a better Maidenhead for everyone.”
Cllr Carwyn Cox, cabinet member for environmental services (inc parking), said: “Parking is a key piece in the regeneration puzzle and although we are already investing in short-term measures this is an important step in providing enough spaces in the long-term.
Now we own Central House and have a development manager we can move forward with our plans to create a larger, more modern car park at the Nicholsons Centre to ensure our residents and visitors will have easier access to our rejuvenated town centre.”
The Royal Borough already owned the freehold of Central House but was unable to progress with its ambitions due an outstanding long-lease agreement.
Doug Higgins, chief executive at London & Aberdeen, said:“It is essential that we maintain public access and parking during the construction period and that all parties can work smoothly together. We will help the council work up an appropriate design for the efficient delivery of this much-needed facility.”
Source: Thames Valley Property
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Contributor: Mark Harris