Northhold Group, has acquired Milburngate in Durham, a six-acre mixed-use entertainment, workspace and residential development.
We are excited to move forward and bring this landmark development to completion. Milburngate represents a significant opportunity for Durham, and we look forward to working collaboratively with all stakeholders, including Durham County Council, to deliver a vibrant and successful destination for the city.
Work to complete the highly anticipated project is expected to start in the next few months. It includes a new boutique cinema, a collection of high-end restaurants and bars and a hotel.
Beyond entertainment and hospitality, the development addresses Durham’s growing demand for quality urban living and workspace. The development includes office space and 153 built-to-rent apartments, positioning the city centre as an attractive location for both working professionals and residents seeking contemporary city living.
We welcome discussions with contractors and prospective tenants who would like to be part of Milburngate’s future. Please contact our Development Director, Shahram Sakhdari, at SSakhdari@northholdgroup.com.
A sincere thank you to the team at JMW Solicitors, led by Thomas Pearson, for their professionalism and support in getting this transaction over the line and Mark Powell at PK3 for valuation and transactional advice.
We look forward to sharing further updates as progress continues.
