The building has become structurally deficient. It’s impressive cast iron and glass barrel-vaulted roof is in dire need of either replacement or significant repair. The Grade II listed building not only needs refurbishment but as a business, it needs to be repositioned to ensure it has a stronger purpose and a more sustainable economic focus for the future. Cushman and Wakefield, the Council’s strategic property partner, has conceptualised potential options to revitalise the Market Hall and Osnabrück Square into a modern facility that offers a wider breadth of products and services that can attract a wider cross-section of shoppers and drive a stronger footfall in the city centre. The options are being evaluated by the Regeneration Projects Division.
Irrespective of which option is selected, the first stage is the renovation of the ageing roof. This phase of work, which is estimated to cost £4.9m, has been awarded to Wates Construction. The company has a track record in heritage restoration projects with an extensive portfolio across the UK, including the £18.7m refurbishment and remodelling of the Grade I listed Royal Hospital Chelsea and a £28m below-ground new-build project to the Grade I listed Victoria & Albert Museum, London.
An extensive scaffolding system, the equivalent of 12 miles of metal frames, is being installed to create a roof level platform to safeguard the public and the construction workers. The scaffolding is being built outside of working hours to ensure that the business can continue with little or no disruption. Construction of the scaffolding runs from April to November 2018.
Other phases to on the business repositioning and internal and external renovation are to be unveiled in late 2018.
The entire £11.4m programme is part of the City Centre Masterplan which aims to create 4,000 jobs, leverage £3.5bn of investment and create 1900 new homes by 2030 in order to transform Derby into a City of Choice for residents, businesses and visitors.