Former TK Maxx building set to go on the market

A building that used to house TK Maxx and New Look and had been earmarked as a community space is set to be sold.

Peterborough City Council's cabinet has been asked to approve plans to put the Bridge Street building on the market.

The authority bought it in August 2020 using £4.1m of Towns Fund money, with the aim of using it for a community hub known as The Vine.

But the council then decided it would not be economically viable to house The Vine in the building, which would have included a library, learning and cultural facilities and a commercial space.

Instead, the project will be spread across three sites in the city: a library and a learning and cultural space at the Central Library; a food and drinks hall at The Goods Shed in Fletton Quays; and a business start-up incubator at Peterscourt, City Road.

Nick Thulbourn, cabinet member for growth and regeneration, said the Bridge Street site was a "significant gateway into our city centre".

He said the council would be open to all offers on the building, but he hoped it would end up as a mix of commercial and residential use.

"It is an important site and one we must get right, to breathe new life into this part of our city centre and enhance the overall experience for people," he said.

The cabinet will vote on the plans on 15 July.