Aerial pictures show progress on The Exchange development in Preston city centre

Posted on - 17th September, 2021 - 6:00am | Author - | Posted in - Central Lancashire Development Plan, Housing, Preston City Centre, Preston Council, Preston News, Redevelopment
The aerial shot of The Exchange development. Pic: The Heaton Group

The Heaton Group has released a photo showing the foundations of The Exchange development in Preston.


The photo, tweeted 14 September, offers a bird’s eye view of the foundations, where The Heaton Group have started using a tower crane to support the team installing steel cages, pouring concrete and piling caps to two-thirds of the building’s footprint.

Ongoing works at the development include underground drainage, service ducts, DPM and insulation for concrete floor slabs.

Read more: The Exchange apartment block given approval to tower over Preston city centre 

Outside rooftop area. Pic: Heaton Group.
Outside rooftop area. Pic: Heaton Group.

The Heaton Group said: “In the next period, we are aiming to pour the ground floor slabs and commence the installation of the concrete columns from the ground to the first floor.”

The Exchange, which will include a mixture of 200 one, two and three-bedroom apartments, was approved during a council meeting on Tuesday 2 March.

The site, which is the former Bhailok Court building on Pole Street, received some criticism due to a lack of affordable housing across the city.

Read more: Sir Tom Finney Community High School to see new car park and other changes 

Proposed look of The Exchanged. Pic: Heaton Group
Proposed look of The Exchanged. Pic: Heaton Group

Robert Major, who presented the application, said: “We’ve got to understand that the build cost for these developments is significantly high.

“It is difficult to provide affordable housing on these city-centre brownfield sites.

“They may not be affordable in terms of there might not be any help to buy them, but it may be that the price of them may be affordable for people who are on the affordable register to buy themselves.”

In a recent planning application, The Heaton Group requested permission for 137 one-bedroom, 40 two-bedroom and 23 three-bedroom flats.

Read more: Latest news and updates from Blog Preston

What are your thoughts on The Exchange? Let us know in the comments below

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