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Business & Economy

Knight Frank wins contract to manage flagship Durham development

A property consultancy has won a contract to manage Durham City’s new Milburngate mixed-use development.

Developer MGH Card LLP has appointed Knight Frank to manage the 450,000sq ft development, which sits at the heart of a regeneration scheme on the banks of the River Wear and includes offices, leisure, retail and high-end apartments.

The facilities will include a hotel, cinema, bars, restaurants, 153 residential apartments, 53,000sq ft of Grade A office space and underground car parking.

Knight Frank, which won the contract following a competitive pitch, is now recruiting for a general manager to manage the site.

Peter Bowden, head of office and partner at Knight Frank, said: “We’re excited and absolutely delighted to be a part of this brilliant scheme and we’re looking forward to ensuring Milburngate reaches its full potential.”

Knight Frank LLP is the leading independent global property consultancy.

Its Newcastle office has a 76-strong team who provide property management, office and industrial agency, investment advice and transactions, building consultancy, rating and lease advisory and property valuations.