Property Developers Linked to Goldman Sachs Seek to Destroy Former Corah Factory Site in Leicester

The Leicester Mercury has just run a series of informative articles that outlined the serious concerns that have been raised by Leicester Civic Society about the planned destruction of the former Corah factory site. A “redevelopment” that is being planned by Cityregen Leicester and Galliford Try Investments that has everything to do with profiteering and nothing to do with helping provide the people of Leicester with genuinely affordable housing.

Galliford Try Investments, which is one of the UK’s most powerful construction companies, includes leading Goldman Sachs banker (Terry Miller) upon their board of directors, and another board member (Sally Boyle) who is a former Goldman Sachs partner. Goldman Sachs is of course one of the major capitalist predators to profit, at our expense, from the ongoing financial crisis wracking the world.

Writing for the Leicester Civil Society, Dr Haward Soper points out in an article titled “A Tragic End for a Once Great Leicester Institution?” how:

“The Cityregen/Galliford proposals repeatedly reference the heritage of the place, this ’treasured landmark’, and yet the only parts of Corah that will remain will be the facade of the internal textile building and two chimneys – everything else will be torn down. It will probably be the biggest mass demolition witnessed in Leicester since the terraced housing clearances of the 1960s and 1970s, wiping away the magnificent main factory buildings that face St John Street and Burleys Way. Attractive, spacious, four-storey red-brick, industrial buildings with grand windows that have been converted into desirable apartments across the country; they are in robust condition and good for another century at least. It’s like putting to sleep a healthy animal. Cityregen/Galliford intends to replace these solid existing buildings with a number of seven-storey residential blocks and an 18-storey residential tower, the focus seemingly on high density. 

He continues:

“In Leicester, we have a proud industrial past that is hugely important and worth celebrating. Much of our industrial heritage has already been lost and the rejuvenation of the Corah site is an amazing opportunity for our city, in a place so significant in memory, it should be a fitting development that will be loved and lasting.”

This is all true, which is why I support the Leicester Civic Society’s call for concerned members of the public to oppose the destruction of our city’s heritage by leaving their critical comments on the property moguls plans here:

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