Approval granted for $50 million Peregrine development
Tuesday, 16 May 2017
A $50 million proposal by Peregrine Corporation received major development status today.
Plans will see the company’s existing headquarters on the corner of Portrush Road and Norwood Parade demolished to make way for a mixed-use building to accommodate existing and future employees. The development will also include:
- ground level café and retail space
- business accommodation
- meeting and training rooms
- a restaurant, gym, pool and spa
- three-level car and bike parking
- end-of-trip facilities for cyclists and runners.
Peregrine also plans to create up to 15 short-stay accommodation suites within the new development.
The project is expected to employ 276 during development and construction, create an additional 110 retail jobs and will allow for an expected increase in 160 new Peregrine Corporation employees in the next decade. The roles of the existing 249 Peregrine staff working on site will be retained.