Council property purchase will help bring forward restaurant plan by Kate | Gloucester News Centre - http://gloucesternewscentre.co.uk/
Gloucester City Council has completed the purchase of the freehold interest in properties on Commercial Road at the north end of the Victoria Basin at Gloucester Docks.
The Council initially acquired a long leasehold of the buildings at 23-25 and 27-29 Commercial Road from the former Regional Development Agency in 2011 and has been negotiating for some time with the Canal and River Trust to purchase the freehold. This will give the Council greater freedom over the future use of the buildings.
The Council has already secured a development partner for the properties who plans to convert the building into a number of quality restaurants. A detailed planning application is expected shortly.
This project is seen as a vital link between the Docks and the city centre.
Cllr Paul James, Leader of Gloucester City Council and Cabinet Member for Regeneration and Economy, said: “I have always said that I want the Quays, Docks and city centre to act as a single, cohesive destination and this scheme will help us to achieve this. It will draw people from the Quays, through the Docks and onto the city centre. Its waterside setting makes it an ideal location for restaurants and some of the drawings I have seen are absolutely stunning. Whilst Gloucester Quays provides the big chain family restaurants, I can see this becoming a hub for high quality dining.”
Gloucester News Centre – http://gloucesternewscentre.co.uk
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