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City council buys Peterborough corn exchange


News | Community

Peterborough City Council has bought the 40-year-old Corn Exchange building in Peterborough city centre from Threadneedle Properties for £2.6 million.

 


The office building – constructed on the site of a former Corn Exchange – has six tenants, most notably the city’s main Post Office Counters outlet, whose tenure expires in December 2008. Other uses include an estate agent, off-licence and a Peterborough Regional College training facility.

Council Leader Councillor John Peach said: “The purchase is in line with our aim to make the city centre more attractive to residents and visitors.

"Some people, notably members of Peterborough Civic Society, have advocated demolishing the building to create additional open space around the adjoining St John’s Church and to complement Cathedral Square.

“However, we have responsibilities to all our residents and we will consult widely before preparing recommendations and a planning application for the future of the Corn Exchange.”

Richard Dade from the Peterborough office of Savills acted on behalf of Threadneedle Properties.

July 2007 - Peterborough UK Community Website

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