Contracts signed for Durham city centre mixed-use scheme

US-based Landmark Properties has exchanged contracts to partner with Citrus Group and Galliard Homes for the development of Prince Bishops Place in Durham.

The plans will provide a mixed-use destination that creates a centrally located, multi-functional complementary commercial development with student, retail, and hospitality uses, communal spaces and enhanced views of the River Wear while preserving the popular existing multi-storey car park.

Tristram Taylor, Development Manager of Landmark Properties, said: “As long-term investors with vertically integrated development and property management expertise, we are excited to bring direct foreign investment to the historic city of Durham. Landmark Properties’ expertise ensures the delivery of a high-quality scheme reflecting the city’s UNESCO World Heritage City status.”

James Taylor, Regional Director of Citrus Group, said: “We are thrilled to be exchanging contracts with Landmark Properties, who will take this long-awaited development through to delivery. Landmark, as a growing UK entrant in the student market, will bring an exciting new student offer to Durham but are also equally committed to delivering a new high street and complementary public benefits and we look forward to continuing to work alongside them on this exciting new chapter for the city.”

David Hirschfield, Group Managing Director of Galliard Homes, said: “Partnering with Landmark Properties on Prince Bishops Place is an exciting step forward and reflects our shared commitment to delivering a high-quality, mixed-use destination for Durham City Centre.”