A paper will be presented to the Major Projects Cabinet meeting on 15th June outlining options for the refurbishment of the 1960s light industrial tower, which has seen the New England Quarter literally built around it over the last 5 years.
The tower block is owned by the City Council and houses a rich mix of businesses but has become something of a magnet for digital media and creative businesses and is the home to Wired Sussex – the representative body for the digital sector.
Estimates for the cost of full refurbishment come in a little under £8m although less could be spent. There is also an opportunity for at least some new-build over the car park to the north of the site which could provide move-on space for fledgling companies incubated in the main block.
In 2002 it was considered to have a lifespan of no more than 10 years so there is a sense of urgency to its refurbishment, which might add another 40 years to it working life.
Consultants have been appointed to investigate the business case for making the property a joint venture asset in October 2010, managed jointly by the University of Sussex, Wired Sussex and the City Council. It is thought that its redevelopment could be a catalyst for the wider regeneration of the London Road area [see earlier stories]
Click here to download Cabinet Report on New England House
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New England Street