Hull City Council has confirmed social impact developer Capital&Centric as the development partner for the city's major Albion Square regeneration scheme, marking another milestone in the transformation of the city centre site.

The announcement was formally made at the UK Real Estate Investment & Infrastructure Forum in Leeds on Tuesday 19 May.

Capital&Centric was selected following a formal procurement process and will now enter detailed discussions with the council to finalise the development agreement, including plans for the demolition of the former BHS building.

The Albion Square project is intended to transform the vacant city centre site into a mixed-use, residential-led development designed to support Hull's long-term economic growth and regeneration ambitions.

Councillor Mike Ross, leader of the council, said: "We are pleased to announce Capital&Centric as our development partner for our Albion Square project. This significant city centre development will boost Hull's future economy as a visitor destination and a place where people choose to live, work, and play, as well as transforming a vacant site into a high-quality, mixed-use, residential-led scheme. We look forward to finalising the agreement ahead of the development progressing further."

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The council said the development partner will be responsible for delivering the project over the next four years in partnership with local stakeholders, with a focus on creating sustainable, high-quality city centre housing alongside employment and commercial opportunities.

Andrew Davison, development director at Capital&Centric, said: "Albion Square is a massive opportunity for Hull and one of the most exciting regeneration projects in England. It’s a chance to completely transform a key city centre site into a vibrant new neighbourhood filled with homes, independent businesses, and new energy. We are excited to help bring the next chapter of Albion Square to life and looking forward to working closely with Hull City Council and local stakeholders to shape a scheme that feels rooted in Hull and delivers long-term impact for the city."

Last month, planning permission was granted for the demolition of the former BHS building as part of the wider regeneration scheme.

The approved plans include the installation of a specialist steel support structure to protect the Grade II listed Three Ships Mural during demolition and future construction works, alongside temporary hoarding around the site boundary.

The Albion Square redevelopment has secured £12 million in Levelling Up funding from the UK Government, as well as £833,000 from Homes England. A further £2.5 million grant from the Local Growth Fund previously supported asbestos removal and demolition work at the former Edwin Davis building.