Capital&Centric confirmed as development partner to deliver Albion Square regeneration
The regeneration of Hull City Council’s significant Albion Square redevelopment has taken another step forward after social impact developer Capital&Centric was confirmed as the development partner.
The confirmation of formal notification was made at the UK’s Real Estate Investment & Infrastructure Forum in Leeds, Tuesday, 19 May.
Capital&Centric, which has delivered multiple regeneration projects throughout England, has been chosen as the developer following a formal procurement exercise.
Detailed dialogue will now commence between the council and Capital&Centric to finalise the agreement for the development, including a proposed start date for demolition of the former BHS building.
Councillor Mike Ross, leader of the council, said:
“We are pleased to announce Capital&Centric as our development partner for our Albion Square project. This significant city centre development will boost Hull’s future economy as a visitor destination and a place where people choose to live, work, and play, as well as transforming a vacant site into a high-quality, mixed-use, residential-led scheme. We look forward to finalising the agreement ahead of the development progressing further.”
The council’s requirements for the development partner are to progress project delivery to completion over the next four years, work closely in partnership with the council and stakeholders to provide a sustainable and visionary scheme that offers high-quality inner-city residential living, as well as maintaining a long-term whole-life solution for the location that provides further employment opportunities.
Andrew Davison, development director at Capital&Centric, said:
“Albion Square is a massive opportunity for Hull and one of the most exciting regeneration projects in England. It’s a chance to completely transform a key city centre site into a vibrant new neighbourhood filled with homes, independent businesses, and new energy. We are excited to help bring the next chapter of Albion Square to life and looking forward to working closely with Hull City Council and local stakeholders to shape a scheme that feels rooted in Hull and delivers long-term impact for the city.”
Last month, planning permission was granted for the demolition of the former BHS building as part of the Albion Square project.
Part of the permission included the erection of a specialist steel support structure to the rear of the Three Ships Mural and the erection of temporary hoarding to the site boundary.
The specialist steel support structure will ensure the mural’s Grade II listed status is preserved during the demolition and future construction works.
Albion Square redevelopment continues to benefit from £12 million of the government’s Levelling Up funding, as well as £833,000 from Homes England.
A £2.5 million grant via the Local Growth Fund supported asbestos removal and demolition of the Edwin Davis building.
Social impact developer Capital&Centric now spends an average of £3m across eight live construction sites, driving regeneration in towns and cities nationwide by transforming unloved land and buildings into vibrant neighbourhoods that revitalise communities.
