{"id":84574,"date":"2020-10-29T08:22:33","date_gmt":"2020-10-29T08:22:33","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=84574"},"modified":"2020-10-29T08:22:33","modified_gmt":"2020-10-29T08:22:33","slug":"mixed-use-development-cambridge","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mixed-use-development-cambridge\/84574\/","title":{"rendered":"First Base to deliver \u00a3115m mixed-use development in Cambridge"},"content":{"rendered":"

\"mixed-use<\/p>\n

First Base<\/a> and RPMI Railpen<\/a> have entered into a contract to acquire a 3-acre site in Cambridge city centre for a new 250,000 sq ft mixed-use development<\/h2>\n

The mixed-use development will include a dedicated cycle hub and will create new pedestrian and cycle routes linking the campus to Cambridge station.<\/p>\n

The collaboration is working with local stakeholders to develop plans for a modern mixed-use quarter comprising workspace, build-to-rent apartments<\/a>, and leisure and community spaces set around new public gardens.<\/p>\n

The site, which is currently utilised as a Travis Perkins<\/a> depot, is located five minutes\u2019 walk from Cambridge station in the heart of the city.<\/p>\n

Travis Perkins will be relocating to a new state-of-the-art branch in Cambridge, providing an enhanced offering to its customers.<\/p>\n

First Base and Railpen have acquired the site for an undisclosed sum.<\/p>\n

Investment into the future of Cambridge<\/h3>\n

Barry Jessup, director at First Base, said: \u201cThis is a rare development opportunity in the heart of Cambridge<\/a>, one of the UK\u2019s most dynamic and cutting-edge cities.<\/p>\n

\u201cOur vision is to create a permeable mixed-use neighbourhood set within new public green spaces, opening up new pedestrian and cycle routes in the city centre.<\/p>\n

“We look forward to working with our partners, local stakeholders and the Council to develop our plans.\u201d<\/p>\n

Richard van Lente, senior asset & development manager at Railpen, added: \u201cJoining our existing portfolio in Cambridge, this acquisition is one which allows us to further Railpen\u2019s significant investment into the future of the city.<\/p>\n

\u201cWhile providing high-quality public realm for the community, the mixed-use scheme will also hold strong environmental and sustainable credentials which seamlessly align with our investment values.<\/p>\n

\u201cWorking closely with First Base and local stakeholders, we are pleased to play a role in driving this long-term vision forward.\u201d<\/p>\n

First Base is committed to reducing the environmental impact of its projects and the scheme will be delivered in accordance with the UN\u2019s Sustainable Development Goals<\/a> and support Cambridge City Council\u2019s Climate Change Strategy<\/a>.<\/p>\n

Planning is expected to be submitted by mid-2021.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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