Work has begun in Chester on a multi-million pound regeneration project that will incorporate both residential and commercial properties.
Once the construction is complete and tenants begin to occupy the new housing, there will no doubt be an increase in the demand for loft conversions in Chester, among a variety of other home renovations.
As part of the initiative, Blacon Parade will be transformed into a busy commercial hotspot with a health centre, space for retailers, sheltered accommodation and residential properties. It is thought that 16,000 people could be housed as a result.
The complex nature of the work required led the Chester and District Housing Trust to work with DTM Legal to acquire the land. Assistance was also needed to move current tenants on to new properties so the scheme could commence.
Matthew Robinson, partner and property head for DTM, explained:
“The scale and nature of this project required sensitive negotiation with business owners who are directly affected by the regeneration process of the Blacon Parade scheme.
“The property team at DTM Legal have been committed to swift negotiation, successfully securing new property and new lease agreements for existing tenants on the site.”
He went on to say that after lengthy negotiations, every tenant has been relocated and the construction work has begun on time.
Mr Robinson, assisted by his staff, has worked previously with Cheshire West and Chester Council, which owns Blacon Parade’s retail space, to secure land covering some 4,000 square feet for a more extensive Spa store.