'Exciting opportunity' - Developer ALB Group reveals plans to transform Blackpool's Prudential House
ALB said the acquisition represents an exciting opportunity to help shape the next phase of Blackpool's town centre regeneration.
A prominent Blackpool building once used by learner drivers sitting their theory tests is set to be acquired by developer ALB Group.
Prudential House on Topping Street is a 48,000 sq ft landmark building located at the centre of one of the town's most significant regeneration areas.
The former insurance office occupies a prime position on the corner of Topping Street and Talbot Road.
Prudential House sits alongside the new £100m Department for Work and Pensions headquarters, which has brought around 450 staff into the town centre, while the neighbouring Talbot Gateway development has transformed the area around Blackpool North Station into a major transport hub.
Further investment is also planned nearby, including a new MOD office building expected to create hundreds of additional jobs and the new £65M Multiversity that could bring more than 6,000 students into the area.
ALB said the acquisition represents an exciting opportunity to help shape the next phase of Blackpool's town centre regeneration.
Arran Bailey, managing director of ALB, said: "Prudential House is one of the most exciting development opportunities in Blackpool.
"When you look at everything that has happened around the building over the last few years, it really is the last piece of the jigsaw.
"The level of investment in this part of the town has been incredible. You have major government offices, new transport links, new hotels and further regeneration projects all taking shape around the site.
"We believe Prudential House can play an important role in the next chapter of Blackpool's transformation and we're delighted to be increasing our investment in the town."
The building is expected to be redeveloped for a mix of residential and commercial uses, with the ground floor continuing to provide commercial space.
It currently houses an Iceland supermarket.
Detailed plans will be revealed at a later date when a planning application is submitted.
Mr Bailey said: "Blackpool has real momentum and confidence at the moment. We see huge potential in the town centre and we're committed to investing in places where we can make a positive long-term difference.
"This acquisition demonstrates our confidence in Blackpool's future and our belief that the town's regeneration story is only just beginning."
The purchase will mark ALB's second major investment in Blackpool.