A major tenant supposed to be moving into the Friargate development near the train station has decided to pull out, it’s been confirmed today.
The Royal Institute of Chartered Surveyors, which accredits land and property professionals, was supposed to move its HQ to the £100m site.
“I’m disappointed though not surprised that the RICS have decided against a move to Friargate,” said Cllr Jim O’Boyle, council jobs and regeneration boss, in a statement.
An artist’s impression of the development
“When I knew the second building at Friargate wouldn’t be built quickly enough for RICS we moved fast to come up with a solution for them, so this is disappointing news. But we wish the RICS well with whatever their next move is.
“Now, for us it’s simple – we will crack on with working with the developer to attract other businesses to the site.
“We believe Friargate has great potential but this experience demonstrates that a more robust approach to the development of the critical Friargate scheme is needed, so that’s what’s we will be working on,” he added.
As well as promoting the site for other businesses, the council will now move nearly 2,000 of its own staff in.