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Land sale opens way for further regeneration of Bedminster

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Written by: David Clensy | Posted 19 July 2017 8:00

Land sale opens way for further regeneration of Bedminster

AN underdeveloped pocket of land in Bedminster has been sold by Ashdown Capital making way for further regeneration of the area.

The freehold of St Catherine’s Place has been sold to Firmstone Consortia One Ltd for an undisclosed sum. Property advisers GVA and Sisman Property Consultants negotiated the sale on behalf of the vendor.

The site, which is bordered by Dalby Avenue to the east and south, and the pedestrianised East Street to the north, has been sold with a resolution from Bristol City Council to grant planning for 188 residential units, together with parking and ground floor retail use. The adjacent St Catherine’s Place Shopping Centre has also been sold to Firmstone Consortia One Ltd.

Gordon Isgrove, regional senior director at leading property adviser GVA said: “This site is located in an area that is a focus for regeneration and will act as a catalyst for other potential schemes.

“By investing in this site, Firmstone Consortia One will be creating a vibrant centre for existing businesses within the shopping centre, as well as the creation of much needed new homes.

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“Alongside other redevelopments in the vicinity, changes at St Catherine’s Place will mean that this part of Bedminster can look forward to much needed investment.”

St Catherine’s Place is located close to Bedminster Station, at the heart of the regeneration area and Metrowest scheme, which is providing a new pedestrian link from East Street to the station.

The site currently comprises a 30,000 sq ft vacant office building known as St Catherine’s House, set on 0.99 acres.

It is anticipated that this building will be demolished to make way for new residential development. Alongside is a part-covered Shopping Centre which includes 11 retail units and 17 residential units, which can now also look forward to improvements to the retail facades and public realm.

John Sisman, director at Sisman Property Consultants, added: “There are a number of significant regeneration proposals being progressed within Bedminster, and St Catherine’s Place will play its own important part in the renaissance of this popular part of Bristol.

“Sitting alongside other sites collectively forming the Bedminster Green regeneration area, this part of Bristol is looking forward to an exciting revival.”

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