Historic buildings help the balance sheet

Posted by pt91 at Nov 27, 2013 09:24 AM |
University history expert to give insight at event for developers and property managers on 27 November

Issued by English Heritage on 26 November 2013

How to get good returns from historic buildings will be one of the topics covered by an event for developers and property managers which is being run by English Heritage, together with Leicester City Council and the University of Leicester.

“Unlocking the value of historic buildings” will be held at the LCB Depot, 21 Rutland Street, Leicester, from 9am to 12.30pm on Wed 27 November.

Anthony Streeten, director of planning and conservation for English Heritage in the East Midlands, said:

“People like historic buildings, and it shows in the balance sheet. Research shows that if a building is listed it will give a strong return for investors. The hard work of repairing and redeveloping a listed building will pay off, as investors can meet demand from tenants for distinctive premises and can often obtain higher rents.

“So instead of developers seeing a listed building as a problem, we at English Heritage really want them to see it as an opportunity, and we want to work with them to make the most of that opportunity. It’s vital that our towns and cities have the kind of planning which helps schemes work commercially whilst making the most of England’s incredible legacy of historic buildings.”

The event is being opened by Sir Peter Soulsby, Mayor of Leicester, and features award-winning Leicestershire developer Richard Blunt, as well as the regeneration schemes at Makers Yard and the Silver Arcade in Leicester.

The event will also include a walking tour through Leicester’s Cultural Quarter.

Leicester's city Mayor Sir Peter Soulsby said: “We have many challenging historic buildings in Leicester, but we also have many opportunities to do something creative with them. Makers Yard – which was a grade ll listed formery hosiery factory and is now an award-winning workspace for creative entrepeneurs  – is a perfect example of what can be achieved with ambition and imagination.”

Dr Rebecca Madgin for University of Leicester, Lecturer in European Planning History, Centre for Urban History, University of Leicester said:

“We’re really pleased to be part of this event and show the part the University and its Centre for Urban History has played in the redevelopment of historic buildings. Our role in researching and re-presenting a buildings’ history has added a new dimension to how we re-use buildings and interpret their history for the public.”

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For more information contact Sean Kenny in the English Heritage press office, on 0207 973 3295 or sean.kenny@english-heritage.org.uk.

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