The Gresham is situated on the corner of Market Street and Belvoir Street in Leicester with the main bus and train stations both less than 15 minutes by foot.
Major attractions and areas of interest include; an extensive retail offer comprising of large shopping centres and boutique independent shops, cultural districts with several theatres, museums and arts, as well as the King Richard III visitor centre, which are all within easy walking distance. A vast array of restaurants, cafes, bars and nightlife are also on the doorstep.
Leicester City's FC, the King Power stadium is also nearby, along with the home of Leicester Tiger's, Mattioli Woods Welford Road.
STEEPED IN HISTORY
The Gresham was designed by Leicester architect, Isaac Barradale in the 1800s. It originally comprised eight separate buildings and was home to Joseph Johnson’s department store until 1962 when it was purchased by Fenwick.
Fenwick expanded the interior of the building by incorporating adjacent shops, to form a single department store, and went on to re-brand the exterior, giving it the iconic green and white façade it is well remembered for today.
With a new High Street retail offer at Highcross and a surge in online shopping, Fenwick Leicester closed its doors in Spring 2017, making way for a new era for The Gresham.
The building is a superb example of Leicester’s Victorian architectural heritage and three of the original units were awarded Grade II listed status in October 2017.
Aimrok Holdings is a property development company that was established in 2016. Its registered office is in Hove, East Sussex. Aimrok is passionate about creating quality developments in strategic locations that are beneficial to the areas and communities that they serve.
PARTNERS & FUNDERS
The total capital cost of The Gresham’s renovations is expected to be around £17million. This has been part-financed by a £9 million development loan from Maslow Capital - a leading provider of real estate development finance.
The project has also benefited from a £4 million Growing Places Fund (GPF) loan through the Leicester and Leicestershire Enterprise Partnership (LLEP). The GPF is a pot of government funding to assist schemes that will accelerate the building of homes, office and commercial development space to boost the local economy and create jobs.
Leicester City Council has also invested £450,000 to fund the fit-out and set-up costs of Gresham Works, from capital set aside for the Leicester Economic Action Plan.