Stoford has signed an agreement with Cambridge Fire and Rescue Service and developers Grosvenor, to redevelop Parkside Fire Station in Cambridge.
The Birmingham based property specialists have spent nearly five years progressing the initiative which will create a state of the art community fire station and 99 apartments – 39 of them affordable homes – in the prime city centre location which will be known as Parkside Place.
Jon Andrews, Stoford Managing Director said: “We are delighted that after nearly five years of effort, the future of this scheme has been secured. The determination of those involved has progressed the project through difficult conditions and we will now see delivery.”
The agreement is an important landmark in delivering the high profile development which will see the old Parkside Fire Station demolished.
Graham Stagg, Chief Fire Officer at Cambridgeshire Fire and Rescue Service, said: “The current fire station is no longer fit for purpose and costs us a significant amount of money in maintenance costs. Without the involvement of developers, it would have been impossible for the Fire Service to bring this aging station up to modern day standard.
“By entering into this agreement we will be able to deliver a state-of-the-art community fire station that local groups and organisations can also utilise for many years to come.”
Ed Skeates, Director, Grosvenor Developments said: “The fire service is a very important public service and we look forward to having their new home and these very attractive new apartments ready in 2013.”