More than 200 representatives from local businesses heard how the redevelopment of Crompton Place marks an exciting new phase in Bolton’s regeneration.
Titled “Crompton Place and Beyond: How Bolton Town Centre is Evolving”, the event served as an introduction to Federated Hermes MEPC, the developer partner working with Bolton Council on its flagship project.
Last month, Bolton Council confirmed it had appointed Federated Hermes MEPC following a competitive selection process.
The developer has a proven track record which includes NOMA in Manchester, Wellington Place in Leeds and Paradise in Birmingham.
Speakers at the town hall event explained how the transformation of Crompton Place will act as a catalyst for even further investment into the town centre.
Federated Hermes MEPC also emphasised the importance of collaboration, community value and ensuring the new development is the right fit for Bolton and its residents.
Their Regional Development Director, Dan Hyde, said:
“Regardless of where you regenerate, I think it’s very important to develop for a place, rather than just in a place.
“It’s really important to look at local needs, this is going to be a residential-led mix-used scheme that’s going to provide homes, workspace and leisure.
“The connectivity to the rest of Bolton is going to be so important so that it sets the stage to carry on transforming the town centre and fulfil the council’s ambitions.
“When you take all those factors into consideration, along with the scale and the heritage that’s already in the town, you will tick a box where the people of Bolton will be proud of what we develop.”
Bolton Council Leader, Cllr Nick Peel, said:
“I think it speaks volumes that one of the first things we decided to do as a partnership was to come together and speak directly to the business leaders, employers and investors who know Bolton so well.
“Today shows that this is a developer that is investing in Bolton - in every sense.”
The event was also an opportunity to celebrate several recently completed town centre development projects.
The audience heard how the Wellspring Innovation Hub, Moor Lane, Deansgate Gardens and the ongoing transformation of Church Wharf have helped lay the groundwork for investment in Crompton Place.
Cllr Peel added: “What were once concepts and plans on a page are now real places delivering tangible benefits for Bolton.
“Homes where families live, places of work where businesses are innovating, and public spaces we can all be proud of.
“This is what we mean when we talk about the regeneration of Bolton, and today it enters an exciting new phase.”
A video of the full event is available to watch online.