Durham in line for new cinema as shopping centre bought in £12m deal

DEAL DONE: The Gates Shopping Centre in Durham has been bought by property firm

DEAL DONE: The Gates Shopping Centre in Durham has been bought by property firm

First published in News

DEVELOPERS who have completed a multi-million pound deal to buy a shopping centre hope to open a new cinema and student accommodation on the site.

London-based property company Clearbell Capital today (July 8) confirmed it has bought The Gates shopping centre, in Durham for £11.85m.

The new owners say it is too early to reveal precise plans, they have long-term ambitions to open 30,000 sq ft of new restaurants in the riverside complex, anchored by what they claim will be the area’s largest multi-screen cinema.

They also plan to create accommodation for up to 300 students integrated into the existing city centre site overlooking the River Wear between Framwelgate Bridge and Millburngate Bridge.

Nick Berry, partner at Clearbell, said: “The Gates is very well located and we see plenty of scope to enhance the shopping centre as it stands.

“We also think there is substantially more we can do to improve the offering to the local area, with new riverside restaurants and a cinema complex”.

At present, the city’s only cinema is in the council-run Gala Theatre, following the closure of the privately-owned Robins Cinema in 2003.

The Gates opened as the Millburngate Shopping Centre in the 1980s, but increasingly struggled in the face of competition from out-of-town retails parks as well as newer city centre rivals The Prince Bishops Shopping Centre and Walkergate leisure development.

The mall’s flagship Waitrose store closed in 2008, eventually replaced by discount retailer Wilkinsons, and the centre itself went into administration late in 2012.

Despite its difficulties the 130,000 sq ft shopping mall, which is close to the town’s North Road bus station, still records a footfall of 3.5m visitors each year and is home to 49 retail units, a 473-space car parking and six residential properties.

Comments (7)

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11:58am Wed 9 Jul 14

hippyjohn says...

I HOPE THEY DON`T WAIT AS LONG AS BISHOP AUCKLAND. B/A COUNCIL HAS A PROBLEM RECOGNIZING THAT THE CARROT IS ON THE END OF A STICK AND JUST OUT OF REACH
I HOPE THEY DON`T WAIT AS LONG AS BISHOP AUCKLAND. B/A COUNCIL HAS A PROBLEM RECOGNIZING THAT THE CARROT IS ON THE END OF A STICK AND JUST OUT OF REACH hippyjohn
  • Score: 10

1:31pm Wed 9 Jul 14

rays59 says...

Instead of students accommodation how about affordable accommodation for homeless veterans and local people. students get plenty subsidised stuff
Instead of students accommodation how about affordable accommodation for homeless veterans and local people. students get plenty subsidised stuff rays59
  • Score: 24

2:36pm Wed 9 Jul 14

theWorkerScum says...

hippyjohn wrote:
I HOPE THEY DON`T WAIT AS LONG AS BISHOP AUCKLAND. B/A COUNCIL HAS A PROBLEM RECOGNIZING THAT THE CARROT IS ON THE END OF A STICK AND JUST OUT OF REACH
If only they were different councils. lol.
[quote][p][bold]hippyjohn[/bold] wrote: I HOPE THEY DON`T WAIT AS LONG AS BISHOP AUCKLAND. B/A COUNCIL HAS A PROBLEM RECOGNIZING THAT THE CARROT IS ON THE END OF A STICK AND JUST OUT OF REACH[/p][/quote]If only they were different councils. lol. theWorkerScum
  • Score: 6

5:28pm Wed 9 Jul 14

pilchrat says...

rays59 wrote:
Instead of students accommodation how about affordable accommodation for homeless veterans and local people. students get plenty subsidised stuff
Um, students get sod all subsidised. Once upon a time there were grants for everything and university was free. Now you have to get yourself into tens of thousands of pounds worth of debt to further yourself. So I don't buy that.

Also, "homeless veterans". What? Very niche requirement ... general affordable accommodation I agree with, not sure veterans have any greater need than anyone else.
[quote][p][bold]rays59[/bold] wrote: Instead of students accommodation how about affordable accommodation for homeless veterans and local people. students get plenty subsidised stuff[/p][/quote]Um, students get sod all subsidised. Once upon a time there were grants for everything and university was free. Now you have to get yourself into tens of thousands of pounds worth of debt to further yourself. So I don't buy that. Also, "homeless veterans". What? Very niche requirement ... general affordable accommodation I agree with, not sure veterans have any greater need than anyone else. pilchrat
  • Score: 9

6:16pm Wed 9 Jul 14

timmy85 says...

Doesn't Durham already have one failed multi-screen cinema, and a current cinema that is sufficient? And what about the existing proposal for student accommodation at the site of the former County Hospital? This seems to be a very short-sighted view, causing Durham to further become a University-term-cent
ric city! More thought please!
Doesn't Durham already have one failed multi-screen cinema, and a current cinema that is sufficient? And what about the existing proposal for student accommodation at the site of the former County Hospital? This seems to be a very short-sighted view, causing Durham to further become a University-term-cent ric city! More thought please! timmy85
  • Score: 6

12:22am Thu 10 Jul 14

Neil Robinson says...

timmy85 says...
Doesn't Durham already have one failed multi-screen cinema
Could you please explain where this was and which company operated it ?
timmy85 says... Doesn't Durham already have one failed multi-screen cinema Could you please explain where this was and which company operated it ? Neil Robinson
  • Score: 1

5:07pm Thu 10 Jul 14

Chris Neville-Smith says...

rays59 wrote:
Instead of students accommodation how about affordable accommodation for homeless veterans and local people. students get plenty subsidised stuff
Completely untrue. Neither students nor landlords get any subsidy for private accommodation. The reason that students take up so much of the available accommodation is Durham City is because landlords can make more money off students than locals. It's a simple consequence of demand outstripping supply.

There are two ways you could solve this problem: 1) Find a suitable area to put more student accommodation instead of this endless conversion of private homes into student houses, or 2) work WITH the University and Student Union to change the stupid government policy that is forcing them to expand in the first place. If you refuse to do either of those, you only have yourselves to blame.
[quote][p][bold]rays59[/bold] wrote: Instead of students accommodation how about affordable accommodation for homeless veterans and local people. students get plenty subsidised stuff[/p][/quote]Completely untrue. Neither students nor landlords get any subsidy for private accommodation. The reason that students take up so much of the available accommodation is Durham City is because landlords can make more money off students than locals. It's a simple consequence of demand outstripping supply. There are two ways you could solve this problem: 1) Find a suitable area to put more student accommodation instead of this endless conversion of private homes into student houses, or 2) work WITH the University and Student Union to change the stupid government policy that is forcing them to expand in the first place. If you refuse to do either of those, you only have yourselves to blame. Chris Neville-Smith
  • Score: 0

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