Development Securities has received the green light for its Circus Street mixed-use regeneration scheme in the English city of Brighton.
Development Securities has received the green light for its Circus Street mixed-use regeneration scheme in the English city of Brighton.
The £100 mln (€127 mln) regeneration will be delivered in joint venture with McLaren and to transform a derelict market in the centre of Brighton into a commercial, cultural and residential quarter.
The development will include 142 new homes, 450 student beds, 3,500 m2 of office space, a state-of-the-art dance studio and a new library and academic building for the University of Brighton.
Circus Street is a ‘public private partnership’ project between development partners Cathedral and McLaren alongside the freeholders of the land, Brighton and Hove Council and the University of Brighton.
The project was acquired by Development Securities as part of the Cathedral acquisition in May 2014. Construction of the whole scheme is expected to commence in Q2 2015 with a targeted completion in Q3 2017.
