Durham's development of One Milburngate office and leisure district to create 400 jobs

The developer behind one of the region’s biggest mixed-use developments has launched its first speculative office building One Milburngate in Durham.

The Milburngate development - now under construction - will deliver supposedly ‘much-needed’ office space to the city to attract new investment and help to create and sustain over 400 jobs.

The building should be ready in Q1 2021, and will offer 53,701 sq ft of Grade A office space, which will be available in flexible floor plates of up to 10,445 sq ft and suites upwards of 3,948 sq ft.

One Milburngate has been designed by FaulknerBrowns, and forms part of phase one of Milburngate being developed by a joint venture partnership between Arlington Real Estate and the Richardson family.

It is being supported by a £120m forward funding commitment from LaSalle Investment Management. Knight Frank and Cushman & Wakefield are acting on behalf of the developers to let available office space in One Milburngate.

Patrick Matheson, partner at Knight Frank, said: “Durham City hasn’t had a pipeline of new office developments for a number of years, but we know there is demand in the market from occupiers that understand the city is a viable place to do business.

“One Milburngate creates an opportunity for businesses to establish themselves in the heart of the North East within a premium new destination, which will be a catalyst for other developments in and around Durham City that will help attract more employers to the area.”

The offices form part of a place of a ‘work and leisure’ destination, and will offer an Everyman Cinemas site, steak restaurant Miller & Carter, 153 built-to-rent apartments and a 92-bed Premier Inn hotel.

Greg Davison, Cushman and Wakefield partner, added: “One Milburngate will set a new benchmark for office space in Durham one that meets the changing needs of 21st century business, not only through its design and exceptional infrastructure, but through its location too.

“Businesses will be able to capitalise on the many benefits associated with locating in Durham City, ranging from its unrivalled transport connectivity and access to a diverse range of skills and talents, most notably from the city’s outstanding university.

“It will provide the opportunity for employers to deliver an excellent work-life balance for their people, with its contemporary riverside environment and premium leisure offering alongside its position within the historic city of Durham.”

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