Darlington Market Development Management and Ownership £5.5M

A project between Darlington Borough Council and Market Asset Management (Darlington) Ltd. an operating subsidiary of The Pioneer Market Group Ltd.

In September 2017 MAM (Darlington) Ltd.  entered a 99-year lease partnership with Darlington Borough Council. MAMDL assumed responsibility for the Victorian Market Hall, Open Market and ‘Market rights’ across the Borough.

Up until the MAMDL takeover, the market was commercially failing with significant voids, a lack of occupational agreements and spiralling trader debts. The market hall required significant investment and suffered from leaking roof, a lack of any heating and market shop units is a state of disrepair.

The average age of the market traders were over 60 years old as were the typical shoppers and the market failed to attract younger and more prosperous visitors.

The long lease was coupled and underpinned with a market redevelopment programme funded jointly by Towns Funding of £3.5M and MAMDL funding of £2M.

Phase 1

A new roof for the indoor market hall

A new biomass wooden pellet boiler providing green energy heating to the market hall

The introduction of 6 new food kitchens, a market tap, communal seating for 300 and a stage to an area of the ground floor introducing new visitors into the market hall and driving a family-based evening economy

Phase 2

The transformation of two perimeter redundant market retail units into new restaurants with alfresco dining.

New public toilet facilities.

The transformation of redundant storage facilities in the vaulted basement into a cocktail and jazz bar operated in house my MAMDL.

Phase 3

Improvements to a further three perimeter shop units forming a continental bakery, cookery school and café, a butcher and a pack and despatch room.

The existing and somewhat tired market kiosks were removed and replaced with state-of-the-art retail and hospitality units of a truly contemporary design.

Phase 4 – Old Town Hall – Planning Stage

The market estate includes the old Victorian Town Hall and we are currently working with The Council to redevelop this under-used asset into a co-making space over 3 floors and with excellent access to the town-centre.

Project Outcomes

Increase In Letting Space
0 %
Increased Rental Income Since 2017
0 %
Full Time Employees
0 +

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