Treveth Development, Cornwall Council and Falmouth Uni sign partnership for Pydar development

Falmouth University, Treveth Development, and Cornwall Council have announced the completion of heads of terms for the University to become the anchor tenant at the £200m Pydar development. The Pydar development is a mixed-use project in the centre of Truro that will provide much-needed housing, leisure and green space, as well as improved health and biodiversity gains for the River City of Cornwall. Falmouth University will be the main tenant in the development, occupying a purpose-built, state-of-the-art facility that will allow the university to expand its impact for Cornwall and offer new opportunities for students, researchers, and the next generation of entrepreneurs and creators. Some 750 students and associated staff, researchers and business partners will be located at the new university campus and activity at Pydar Street will be focused on Falmouth’s core specialisms of creativity and technology. Professor Emma Hunt, vice-chancellor and chief executive of Falmouth University, said: “We are delighted to be progressing our involvement on this exciting project. At Pydar, totally aligned with the ambitions of Cornwall Council, we are blending learning, research, enterprise, leisure and living, to help regenerate Truro and to help address the future needs of Cornwall’s economy. “Not only will our students, researchers and colleagues bring their economic and academic value to the city, we envisage the facility and the resources within it as being open available to the local community for educational, entertainment and business uses.” The Pydar development will be a multi-generational neighbourhood, with purpose-built accommodation for students and more than 300 high quality homes for local people including 35% affordable housing. The development will include 3.5 acres of public and green spaces, over 12,500 sqm of food and beverage, hotel, and community space to create a year-round destination for entertainment and leisure. The project will be a model for sustainable development, with a focus on reducing carbon emissions and promoting sustainable lifestyles. Tim Mulholland, managing director of Treveth Development, said: “Treveth Development is proud to be working with Falmouth University and Cornwall Council on this exciting project. “The Pydar development will be a game-changer for Truro and the wider region, providing much-needed housing and excellent opportunities to improve our environment and local biodiversity. We look forward to working with our partners to make this project a success from day one.” The Pydar development will also provide a boost to the local economy, creating new jobs and opportunities for local businesses. The project is expected to attract new investment to the region and help to position Truro as a hub for innovation and creativity. Steven Webb, mayor of Truro, said: “This is an exciting development for Truro and Cornwall as a whole. We are proud to be partnering with the Falmouth University and Treveth Development on this project and look forward to seeing it come to fruition. This has been a journey for our residents and businesses as well as the City Council, Cornwall Council, and wider stakeholders. I couldn’t be happier with the announcement of this new partnership.”

Treveth Development, Cornwall Council and Falmouth Uni sign partnership for Pydar development

The development in the centre of Truro will provide accommodation for students, 300 high quality homes and 3.5 acres of public space

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