Partner Article

Leeds’ Gregory Property acquires Darlington ex-Lloyds building for leisure development

Leeds-based Gregory Property Group has purchased a prominent Grade 2 listed building on Skinnergate in Darlington town centre that was formerly occupied by Lloyds Bank for an undisclosed sum.

The developer will be submitting a planning application to refurbish the property and is seeking a change of use to provide leisure accommodation on the ground floor (and basement) and apartments on the upper levels.

The acquisition comes as Gregory Property Group is actively expanding its portfolio of developments and ventures into residential development following improved market conditions.

Director, Richard Tovey said, “Whilst most of our ventures remain in Yorkshire we are not limited to seeking opportunities further afield.

“The area is a busy and vibrant part of town at the start of the pedestrianisation with a number of national restaurant operators already represented including Pizza Express, Joe Rigatoni and Uno Momento.

“We feel that the site pitch will appeal strongly to restaurant operators due to its double frontage at the junction of Skinnergate and Coniscliffe Road. There is also demand for inner city living and we hope to deliver five apartments.”

Gregory Property Group seeks to improve the interior of the building and provide additional glazing to the front façade. Subject to planning approval it is hoped that an early start can be made.

Blacks Solicitors (Leeds) acted for Gregory Projects in the acquisition of the building and Smith Smalley Architects are appointed on the building design. Pudney Shuttleworth (Leeds) and Carver Commercial (Darlington) are the joint marketing agents.

This was posted in Bdaily's Members' News section by Clare Burnett .