Former TK Maxx building to be demolished amid plans for new shops and homes

The building will be demolished to make way for a new development

A city centre building that housed TK Maxx and Woolworths is set to be demolished. Peterborough City Council announced the completion of the sale of the building in Bridge Street at its full council meeting on Wednesday (March 25).

If plans are approved, new owners, MJS, plan to demolish the current building and replace it with a “landmark building” that offers a mix of retail and accommodation. In a social media video, leader of the council, Councillor Shabina Qayyum said: “Subject to planning approval, this building is going to be completely demolished and showcase retail on the lower floor, with accommodation on the top floor and landscaped areas, so it actually joins in with our city centre street scene.

“What’s going to be wonderful is that when this eyesore of a wall comes down, you will see the whole of the area have a regenerated look to it.”

MJS has previously completed renovation works of the Guild House in Peterborough, and is also working on Whitworth Mill at Fletton Quays.

In 2020, the council purchased the building for just over £4 million. The TK Maxx shop was then moved into the Queensgate shopping centre, where it remains today. The council initially received six bids for the building.

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