British financial services company Legal & General, in partnership with Bell Hammer, has been selected by Bath & North East Somerset Council as development partner for Bath Quays North regeneration scheme.
Bath Quays North, a 5.5-acre riverside site in Bath city centre, will be redeveloped into a 306,000ft² office-led, mixed-use scheme, for which the council has granted outline planning permission.
Under a commitment to invest in Bath, Legal & General is also completing 171 Build to Rent (BTR) apartments at Spring Wharf, with first residents now on site.
Under the proposed redevelopment of Bath Quays North, Legal & General intends to create sustainable communities with good employment opportunities and housing.
Legal & General future cities business head of urban regeneration Rachel Dickie said: “We are delighted to have been selected to develop Bath Quays North and look forward to working with the Council to bring our vision for Bath to life.
“Our investment partnerships in cities such as Cardiff and Newcastle are already delivering at pace, and we believe that our plans for Bath Quays North will have a significant positive impact on the city centre, generating employment opportunities and economic growth.”
Bell Hammer’s Joel Hawkins: “To have the chance to develop on such a scale in Bath occurs once in a generation.
“The size and quality of the office element will enable local companies to grow as well as attract regional, national and international occupiers for whom Bath has never previously been an option, due to the lack of suitable space.
“With retail, restaurants, hotel and residential uses complementing the business space, Bath Quays North will create an attractive and vibrant addition to the city.”
Legal & General has entered into partnerships with local authorities in Cardiff, Salford and Newcastle and central government bodies such as Homes England and the Department of International Trade (DIT) and invested billions of pounds in regeneration schemes across the UK in recent years.
Bath & North East Somerset Council leader Tim Warren said: “We look forward to working with our development partner Legal & General, who shares our vision to transform Bath Quays.
“The Bath Quays North site represents the most significant office expansion in our city for a generation, securing our economic future for years to come.
“By providing high quality workspace we can attract and retain high value businesses in the city resulting in higher wage jobs and improved opportunities for residents.”
Image: Bathwick Hill in Bath, Somerset, England. Photo: Courtesy of Legal & General Group Plc.