Melton Mowbray Cattle Market has been shortlisted for a top property award recognising outstanding developments across the East Midlands.
The £5.5 million refurbishment of the market’s 4,295 sqm livestock facilities has been nominated for best regeneration project at the Royal Institute of Chartered Surveyors (RICS) East Midlands awards.
Property, construction and infrastructure consultancy Pick Everard provided project and cost management services, ensuring that the project was completed on time and on budget. Construction and infrastructure company Morgan Sindall designed and built the scheme.
Matt Hall, director at Pick Everard said: “We’re delighted that this scheme has been nominated for such a prestigious award. The existing facilities at Melton Cattle Market had become outdated; their age meant they were in a poor condition and needed investment to secure the site’s future. The market had enormous economic value to the town, so completion of phase one will safeguard the market’s key role in the local economy for the next 20 years.”
Partner at Pick Everard, Alastair Hamilton added: “This is a landmark feature in Melton Mowbray, sustaining local businesses as well as bringing thousands of tourists into the town every year. An anticipated 300 events have been planned and the new facilities are expected to attract 240,000 visitors annually.
“It is a project we’re particularly proud of, with its place in the town reaffirming Melton’s position as a premier rural food and drink destination. With 93 per cent of businesses in the town welcoming the scheme – having seen a noticeably increased footfall to the town – I’m sure that the new cattle market will be a great success.”
Morgan Sindall’s area director, Richard Fielding, said: “This award nomination is one we are particularly proud of and is testament to the outstanding work of the project team. Their dedication to the design and build of this facility ensures Melton Mowbray’s cattle market will continue to support the town’s livestock trade for the next generation as it has done for centuries.”
The development of the market has followed a £2 million investment by Melton Borough Council in the new cattle building and a major contribution of £3.5m from the Leicester and Leicestershire Enterprise Partnership (LLEP) through the Local Growth Fund.
Nick Pulley, Chair of the LLEP said, “The LLEP’s Local Growth Fund has been extremely successful for the Leicester and Leicestershire area. This unique project supports the objectives of the LLEP in relation to growing the rural economy and investing in market towns. Being shortlisted for this prestigious award is fantastic for the state-of-the-art Melton Livestock Market as it continues to be a key economic asset to the town.”