Doncaster Wool Market

Redevelopment including Food Hall Street Food

Quarterbridge advised DMBC on the redevelopment of the Grade II listed Wool Market which formed part of the overall Markets estate in Doncaster town centre since March 2017. The Council secured regeneration grant funding from the Sheffield City Region Investment Fund (SCRIF) for these works, but the funding was time limited and therefore, a strict timeline for delivery was required.

Raymond Linch; Quarterbridge Director, provided detailed guidance on design issues, EHO compliance, operational issues and ongoing strategic and financial planning. Glass frontages were installed in place of metal shutters to enhance sightlines, numerous entranceways were established, and a layout was formulated to encourage the circulation of footfall around the building. The design included 12 catering units, operating on a part base and turnover rent system, benefitting both landlord and tenant, and 26 retail units of varying shapes and sizes.

Quarterbridge (working closely with the markets team) gave special attention and additional resources ensuring existing Doncaster Market traders were engaged and listened to during this period of rapid change. This was achieved without negative reputation management issues for the Council, with existing Wool Market traders relocating to other areas of the Market Estate, taking the opportunity to retire or expanding into vacant retail units around the town centre.

 

Quarterbridge Lettings undertook a pre-lettings campaign in line with the aspirational tenant mix, resulting in 90% occupancy within the first month of opening

 

Quarterbridge Lettings undertook a pre-lettings campaign in line with the aspirational tenant mix, resulting in 90% occupancy within the first month of opening. The tenant mix included existing local businesses, brand new start-ups and tenants from elsewhere on the Market Estate, all of which are SMEs and independent businesses.

The opening weekend saw 75,000 people visit the Wool Market, with a number of retail and catering units generating profits far higher than anticipated. The Wool Market has maintained similar footfall levels as those experienced during the opening week, with extremely popular evening opening on Thursday, Friday and Saturday nights alongside family-friendly entertainment.

Project Value – £7 million
Delivery Date – 2019

Wool Market