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Council Headquarters Earmarked for Student Accommodation

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

The Cambridge headquarters of Cambridgeshire County Council could become a hotel or student accommodation under options being considered by developers.

Prospective developers have been weighing up the site since Shire Hall in Castle Street went on the market.

The six-acre site is owned freehold by the council, but a decision has been made to dispose of the site and relocate to Alconbury.

Developers, investors, funds and agents have since been approached to gauge the interest in the site.

A report due to be submitted to the council's commercial and investment committee, said that interest has been for hotel use, the retirement sector and student accommodation.

It is anticipated that the successful bid will be chosen, and contracts exchanged by mid-2019.

Cllr Josh Schumann, chair of the commercial and investments committee, said the council would still keep a "presence" in Cambridge.

He added: "As a council we want to do whatever we can to protect vital front line services."

"This is a unique opportunity for the council to reduce the overall cost of its property portfolio whilst supporting local services to become more sustainable."