Leicester City Council - Leicester Market Place: Options Appraisal and Feasibility Study

Leicester Market Place: Options Appraisal and Feasibility Study

Leicester is a growing city, receiving substantial investment in the cultural and economic sectors; the city centre is currently undergoing a major transformation. Leicester City Council owns and operates the indoor and outdoor markets in the city centre. The Market Place offers the opportunity to create a memorable destination at the heart of the city.

The City Council will shortly be appointing consultants to formulate a range of options for the markets, and to identify the best investment option to sustain and develop the markets for the benefit of traders, customers and the city centre as a whole. You can see the Consultancy Brief by opening the attachment below.

The chosen consultants will conduct:

Baseline Study: A financial appraisal of the current freehold and leasehold value of the outdoor and indoor markets.
Options Appraisal: In close consultation with the City Council and market traders, the consultants will formulate a range of options for the future of the site in accordance with local, regional and national planning policy.
Feasibility Study: The consultants will assess the viability of each of the options and the likely public sector funding gap.

For further information on this study, please telephone James White on (0116) 252 7217.