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Worthington Properties to Propose New Masterplan

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

Worthington Properties has purchased part of the site of the Canal Corridor North Project from British Land.

The project, now rebranded as the Canal Quarter, will see Worthington develop a 2.5-acre plot that includes the derelict former Mitchell's brewery.

British Land has been connected to the Canal Quarter since 2012 after purchasing the site from Centros, but an agreement between Lancaster council and British Land was terminated last year, citing legal and funding issues.

British Land's proposals for the site included 1,000 units of student accommodation, with Lancaster University backing the scheme in 2016.

In November the council submitted a bid for the plot, but the developer accepted an offer from Worthington Properties instead.

They will now work alongside the council to bring forward a new masterplan for the rebranded site, with further details released later this year.

Councillor Janice Hanson, Lancaster City Council cabinet member with responsibility for economic development and regeneration, said: "Attracting investors like Worthington Properties, who show commitment to investing in the area and can bring a fresh approach to the regeneration of the city's Canal Quarter site, is a positive step forward."

"The masterplan for the area is still in its early stages and the council is looking forward to working with the public, businesses and its partners to develop a scheme that reflects the views of the community and realises its key objectives for the site that will achieve significant economic benefits for Lancaster."