Published: 11th May 2020

The redevelopment of Leicester’s historic former Fenwick building has been given the green light, with a £17million investment package now in place. The iconic 19th century four-storey building on the corner of Market Street was bought in 2017 by developer Aimrok Holdings, who plan to convert it into a 121-bedroom hotel. The development will also feature four new ground-floor and basement commercial units totalling nearly 11,000sqft, along with almost 12,000sqft of flexible business workspace under a newly signed lease with Leicester City Council. The development will be part-funded by the city council and the Leicester and Leicestershire Enterprise Partnership (LLEP), with the majority of the £17million costs coming from a mixture of development finance and private investment. Leicester City Council is investing £450,000 to fund the set-up costs for the new flexible workspace with capital set aside for the Leicester Economic Action Plan. And the LLEP has agreed an investment … (To read the full article, subscribe below)