19 Feb

Full steam ahead for stunning £17 million development at The Gresham

The Gresham

Plans are on track for The Gresham to open its doors at the end of Summer. This exciting and attractive development is a reimagining of one of Leicester's most-loved landmarks, and will bring a beautiful building back into public use.

The Gresham formerly played host to the Fenwicks department store on the corner of Belvoir Street and Market Street. Its new name is a nod to history, as it was known as The Gresham when first built in the 1880s.

The beautiful Grade II-listed building is being repurposed as a 133-bed ‘aparthotel’ complete with lobby bar, restaurant and fitness suite. Four prime commercial units and a 12,000 sq.ft. shared workspace make The Gresham a truly enticing offer for Leicester’s city centre.

The £17 million redevelopmet was supported by a £4 million loan from our Growing Places Fund. Developer Aimrock is making great progress, with the majority of the iner structural construction now complete. The interior furnishings are due to commence in the coming weeks.

Mark Copson, director at Aimrok said, “We are very pleased with the way the development is progressing. Despite the pandemic, we are managing to keep plans largely on track to launch in early autumn. It will be extremely high-class and every finish will be completed to the highest quality. The internal construction is 80% of the way there and the interior designs are being finalised as we speak.

“It’s been an incredibly interesting project during testing times. Although from the outside it only appears to be four storeys high, one of our largest challenges has been the re-levelling of the floors where they have been changed and added to, over the years. Those who remember the building as Fenwicks might well believe there were over 25 different levels to painstakingly and carefully attend to, across eight buildings.

“The Gresham now has six ‘level’ floors – including a top deck which houses four units with spectacular, unparalleled views over the city, and we have added a light well from the roof to the first floor, allowing natural light to flow into the heart of the building.

“We purposely set out to make The Gresham different from anything else in Leicester. It is an iconic and loved building and it deserves a superior look and feel throughout, to match – one I hope its original designer, Isaac Barradale, would have been proud of.

“It is incredibly exciting to see it all coming together and we are continuing to work with the local authority; our finance partners, development lending specialists, Maslow Capital; the LLEP [Leicester and Leicestershire Enterprise Partnership]; and local businesses, to ensure that it enhances and is embedded into the fabric of Leicester for generations to come.”

Find out more about the Gresham