Southport Market
Quarterbridge was retained by Sefton Metropolitan Borough Council to appraise Southport Market in 2009 and devise a business plan outlining deliverable options ranging from market closure to full-scale redevelopment.
Quarterbridge was retained by Sefton Metropolitan Borough Council to appraise Southport Market in 2009 and devise a business plan outlining deliverable options ranging from market closure to full-scale redevelopment.
Southport Council approved a £3.2 million redevelopment including a complete strip-out of the existing facility and to create a contemporary shopping environment for the local and regional residents as well as the 12 million tourists visiting England’s Classic Resort.
The business case provided the council with sufficient certainty to authorise the works funded with prudential borrowings. Quarterbridge produced and carefully monitored the business case, devised a design and specification, dealt with legal related issues concerning trader movements including temporary relocations, project managed sensitive elements of the works and pre-let the scheme which opened in July 2012 93% pre-let exceeding business plan expectations.
As part of the development programme, Quarterbridge tendered for and won the Southport Market management contract for the 2-year period post development, following which time, the council will realise a higher asset value.
Southport Market was awarded NABMA ‘Best Small Indoor Market 2013’
Project Particulars: