Peterborough City Council and Hawksworth Securities PLC entered an agreement on 22 September 2020 to begin acquiring land at North Westgate, bringing momentum to this £150 million regeneration project which will deliver a new urban quarter for Peterborough.
Once all the land for the scheme has been acquired, Hawksworth will push forward with the area’s transformation.
Speaking about the agreement with Peterborough City Council, Peter Breach, chairman of Hawksworth Securities PLC, said: “Hawksworth has been a long- term investor in Peterborough and we are delighted that our vision for North Westgate has taken a major step forward with the support and shared aspiration of the Council.
“We believe our plans for North Westgate offer a perfect opportunity to regenerate this part of the city, providing investment in the city’s economy and improved facilities for current and future residents. A strong local economy and accessibility to London makes Peterborough an ideal choice for new business occupiers and residents seeking the quality of life that this great cathedral city has to offer.
“We are committed to the regeneration of North Westgate and look forward to working with the Council and local communities to bring it to fruition.”
Artist’s impression of the North Westgate development: