Thornfield Properties and the Bank of Scotland, have been selected as the preferred development partner for a new £25m arts venue in Hemel Hempstead.
Dacorum Borough Council selected the joint venture last week for the scheme which comprises an 85,000 sq ft venue.
The arts space will be accessed through a glass cube in the centre of Waterhouse Square, a new retail, leisure and restaurant square.
The development is part of Thornfield’s £350m regeneration project on 37-acres in Hemel Hempstead.
Thornfield Properties’ project director Robert Hume said the scheme would ‘change perceptions of the town and differentiate Hemel from its neighbours.’
Thornfield and Dacorum Council will now develop more detailed refinements to the plans before incorporating the plans into a master-plan for Waterhouse Square as a whole.
The work, designed by Allies & Morrison, architects on London’s Royal Festival Hall, should start in 2010 due with the venue opening in winter 2012.