House of Fraser store saved from closure.

House of Fraser store saved from closure.

A doomed department store in Hull has been given a last-minute reprieve from closure.

House of Fraser on Paragon Street, which is also known as Hammonds, was due to shut on Saturday with the loss of more than 100 jobs.

The company said it had agreed a deal between the business, the landlord and Hull City Council.

Financially troubled House of Fraser was bought for £90m in August by Sports Direct owner Mike Ashley.

House of Fraser store saved from closure.

It was one of a number of sites earmarked for closure after the new owners failed to reach an agreement with their respective landlords.

House of Fraser has gone through a multitude of owners over the years but the recent acquisition of the property by Salemia property Investments Ltd assures it will last another number of decades.

Their plan is to completely refurbish toe site on Paragon Square, bringing a multi use approach to the old landmark. this includes retail store – House of Fraser now owned by Sports Direct, and entertainment centres, a Hotel for travellers adjacent to the Hull bus and train Terminus, ideally placed. In addition luxury apartments will be built for those discerning persons wanting to be in the City centre, close to their businesses or to enjoy an upmarket lifestyle.

We, Interceo Development and Training are proud to be part of this new venture in providing Project Management skills and experience, represented by Mr Raymond Brian Freestone.