East Midlands Property Award for £12m Corn Exchange redevelopment

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The £12 million redevelopment of the stunning Grade II-listed Corn Exchange building in Lincoln, won the Regeneration & Restoration category prize at the East Midlands Property Awards at The Belfry in Nottingham.

It’s the latest award recognising the transformation of the historic building, parts of which date back to 1879.

The Corn Exchange building forms a focal point in the continuing phased £70 million regeneration of the city’s Cornhill Quarter.

This will rejuvenate the area around Sincil Street, City Square and the Cornhill Quarter through a sensitive combination of repair, refurbishment, extension and new development.

Phase II is progressing well with timings on track for a completion before Christmas. This will include the space for Lakeland and will deliver 23,000 sq ft of retail space, as well as a walkway through to the multi-storey car park.

Banks Long & Co Managing Director Tim Bradford said: “We are delighted that the Corn Exchange impressed judges in the East Midlands Property Awards. It is especially gratifying to be recognised in this by other professionals in the industry.

The Corn Exchange really is the centrepiece of our major project in the city centre area and it is one of the first things people see when they walk into the city centre from the St Mary’s Street railway station, new car park or bus station.

“We are gearing up for Phase 3 which we expect to start building in early 2019. This phase will bring to Lincoln a 4-screen Everyman cinema and other exciting daytime and evening brands.”

Lincolnshire Co-op Chief Executive Ursula Lidbetter said: “This award is testament to the great restoration work we have been carrying out on The Corn Exchange building, which forms part of the wider regeneration of the Cornhill Quarter development.

“We believe we have developed a vision which really complements Lincoln and will attract even more visitors from Lincoln and the surrounding area, as well as tourists from further afield.”