Art of the deal celebrated at ProCon property awards

Three deals that paved the way for the development of new housing, hotels and leisure operators are in the running for the Property Deal of the Year prize in the 2020-21 ProCon Leicestershire property and construction awards.

The category is one of eight in this year’s ProCon Awards. The ProCon Awards’ overall sponsors are Gateley Legal, Salus Approved Inspectors, Unique Window Systems and Vistry Partnerships. The Leicester Mercury is the Awards’ media partner.

The Property Deal of the Year finalists are:

Abbey Meadows, Leicester, submitted by Nelsons, Addison Hunt and Newtown Living

Abbey Meadows, Leicester

82 new homes are being built at Lock 44 – Wolsey Island thanks to a partnership forged between a developer, a housing association and a contractor.

GS Residential, Nottingham Community Housing Association and Lovell Partnerships struck the £18 million deal to redevelop the 4.8 acre site on previously derelict industrial land.

Part of Leicester’s waterside regeneration, the site is bounded by the River Soar and the Grand Union Canal.

Great Central Station – Lane7, Leicester, submitted by Charles Street Buildings

Lane7 Leicester

Lane7 is a leisure operator which struck a deal with Charles Street Buildings to create an all-day entertainment venue at the former Central Station site in Leicester.

At 20,000 square feet, the space is Lane7’s biggest venue in the UK, enabling an ambitious scheme featuring innovations such as double-decker bowling lanes.

Lane7 took a 21-year lease, investing more than £1 million in creating a multi-use venue for street food, bars, bowling, mini golf, basketball, table tennis, pool and a large screen for events.

Novotel and Adagio Hotel, Leicester, submitted by Charles Street Buildings

The Novotel in Leicester

A regeneration scheme developed by Charles Street Buildings saw two new Leicester city centre hotels built and operated within a multi-layered franchise agreement.

The deal comprised eight separate agreements covering the franchising, management and operation of the new Novotel hotel and Adagio Aparthotel.

As well as introducing new operators to Leicester’s hotel market, the project also added more variety thanks to Adagio’s aparthotel offering catering for longer-term stays.

The winner will be announced at a ceremony at Leicester’s King Power Stadium on November 11.

The other seven awards are:

  • Infrastructure Project of the Year , sponsored by Charles Henry & Sons
  • Regeneration Project of the Year , sponsored by Keepmoat Homes
  • Small Residential Scheme of the Year
  • Medium Residential Scheme of the Year
  • Large Residential Scheme of the Year
  • Small Non-residential Scheme of the Year
  • Large Non-residential Scheme of the Year

Further details about the Awards are on the ProCon website at procon-leicestershire.co.uk/procon-awards

Companies keen to attend the ceremony or to enquire about sponsorship opportunities can contact Allyson Jeffrey on 0116 278 1443 or via email: