As a local firm based in Preston, Lancashire, Fernleigh Wearden & Co take pride and notice of what's going on in the local area.
We were pleased to read this week in Lancashire Business View that one of Preston's Most Iconic landmarks is set to be restored to its former glory. The former Park Hotel, which overlooks Avenham and Miller Parks in Preston, is to be restored by two Lancashire companies.
Cassidy and Ashton and Frank Whittle Partnership (FWP), both of Preston themselves, have submitted plans to Lancashire County Council’s development committee.
They hope to turn what is now offices back into a 156-bedroom, four-star hotel, as well as the addition of a new spa, banqueting pavilion and offices.
The pair said the renovation aims to ‘revive the golden age of railway hotels’. The 3.3 acre complex was first opened in 1882 as the grandly titled London and North Western and Lancashire and Yorkshire Hotel with subways connecting guests and passengers directly to the platforms of Preston railway station.
Cassidy and Ashton are acting as architects and FWP as project managers and cost consultants working for Local Pensions Partnership, which is a collaboration between Lancashire County Council and the London Pensions Fund Authority, which themselves manage £16bn of pension assets. It is important to note that your pension could be invested in a wide range of assets.
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The Park Hotel was acquired from Lancashire County Council in 2016 and the significance of the project lies in the need for Preston to show ambition and provide modern luxury hotel facilities as well as retaining its historic assets. The investment from the county’s pension fund in Preston is a real statement of intent for the city and the county and the reinstatement of a four star hotel next to what is intended to become a HS2 mainline rail station proves there is ambition to drive the city’s economy deep into the 21st century. We are looking forward seeing the project develop over the next few years.
If you are Preston or Lancashire based and want to see where your pension is invested and what options are available to you, please contact Fernleigh Wearden & Co in #Preston #Lancashire for a review of your specific financial situation. #financialadvice
Telephone: 01772 864314
Email: fernleigh.wearden@gmail.com
Website: www.fernleighwearden.co.uk
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