Hull is a rapidly growing city with an abundance of strategic locations primed for investment.
The transformation of Hull city centre is well under way. Walk through the city’s beautiful and recently transformed city centre and see significant investment in its public spaces, including spectacular lighting, beautiful fountains and landscaping.
More than 100 businesses have recently opened, alongside £250 million of new investment in public spaces, retail and leisure outlets and cultural venues
The next phase in Hull’s regeneration will takes the shape of 12 key sites offering unique investment possibilities. Hull City Council's long-term vision for the future of the city centre, following the city's year as the UK City of Culture and ongoing ambition to be a world-class visitor destination, has been presented to investors.
The Albion Square development, below, is a priority Enterprise Zone site at the heart of the city.
The ambitious mixed-use development will comprise high-quality retail, housing, leisure and enhanced parking facilities set around a beautiful enclosed courtyard. It will include more than 250 residential units, 12,000 sq m retail space, 600 parking spaces and will deliver more than 400 jobs for local people.
Hull’s regenerated Fruit Market is now a modern and vibrant district featuring art galleries, restaurants, music venues and an emerging digital hub. The next phase of development will comprise 101 new homes, with a third sold off-plan in just four days to a value of almost £7 million. Such was the demand that Wykeland Beal released more properties than originally intended.
The Fruit Market is proving a magnet for both buyers and visitors to Hull’s waterfront and marina. The cultural quarter attracted the attention of the national media, with The Observer writer Rachel Cooke noting it made her "spirit soar". The publication had previously hailed the area as the new Shoreditch. Investment opportunities here include prime sites adjacent to Hull Marina and C4DI.
Myton Street Retail Park is located in a prime gateway location, at which inbound road traffic arrives in the city centre. It is a short walk from Paragon Interchange for bus and rail services and its neighbouring 46,000 sq m St Stephen’s shopping centre and growing hotel quarter. The site has the capacity to deliver 6,000 sq m of net sales floor space and other uses.
Next to the site, the striking £36 million Bonus Arena, 3,500-capacity live performance and conferencing venue, is part of a positive transformation of the immediate area. This will include Highways England’s £11.5 million cycle and pedestrian bridge over the A63 connecting the city to Hull Marina and the Fruit Market.
Heartlands Knowledge Zone
Hull’s waterfront setting, which provides the lifeblood of its distinctive spirit, will be key to the next exciting stage of the city’s development. As the place at which the city’s story as a major global trading port began, the area is alive with industry and culture. The river is spanned by 13 distinctive bridges, including the Scale Lane Bridge, which has been recognised internationally for its innovative design, and Drypool Bridge, recently refurbished with an artist designed in tribute to Hull-born John Venn, originator of the world-famous Venn diagram.
Its cultural significance is clearly visible in the medieval streets of Hull Old Town, where some of its finest museums, galleries and gardens overlook the river and more recently the emergence of a street art quarter in Bankside – sparked by a piece by celebrated artist Banksy.
Hull: Yorkshire’s Maritime City will be the north’s next major visitor attraction. The £27.4 million Heritage Lottery Fund and Hull City Council-funded project will celebrate Hull’s remarkable maritime history and secure Hull’s extensive maritime assets and collections.
Key sites at the Heartlands Knowledge Zone, pictured above, have been acquired by Hull City Council for improvement, providing an opportunity to redevelop a key strategic site, as set out in the adopted Local Plan and Housing Growth Strategy into a high-quality mixed-use development consisting mainly of residential properties, alongside office and leisure uses.
It is a milestone to support the delivery of up to 850 homes as part of a Local Plan that will result in 2,500 homes over the next 15 years.
Further north, the versatile array of investment opportunities is rounded off by an extension to the thriving Kingswood housing development and the upcoming Gasworks project.
Portside Energy District
The north bank of the Humber is becoming a hotbed for companies looking to capitalise on Hull's strategic location as the capital of the UK's Energy Estuary, which benefit hugely from a location near like-minded companies and infrastructure.
The area includes key Enterprise Zone sites near to the city’s docks, such as the Burma Drive development. The site forms part of the wider Green Port Hull complex, which includes the Siemens wind turbine assembly and rotor blade manufacturing facility.
The planned Yorkshire Energy Park is situated in a major strategic site in an ideal location for businesses looking for power and data resilience, with links to research and development and the potential to create 1,000 jobs. Companies including E.ON, Almax, IBM, L&G Investment Management, SSE Utilities, ZTE, Vodafone and Hull College have announced their support for the plans.
Nearby, the Kingston Parklands business park, in landscaped surroundings featuring cycle paths and footpaths, is capable of hosting a range of accommodation, from small office suites of approximately 3,500 sq ft up to a total of 42,000 sq ft overall. Subsequent phases will incorporate both office and industrial buildings on a design-and-build basis.