Wolves plan to flatten landmark Peal House offices
Wednesday 23rd June 2010, 5:29PM BST.
Wolves owner Steve Morgan this afternoon revealed plans to knock down the city’s landmark Peal House office block.
The building, once home to 350 Carillion workers, will be replaced with a car park. But Mr Morgan is believed to have long-term plans to develop the land, which is just 100 yards from Molineux.
Demolition work could start imminently, with Mr Morgan today declaring: “We will be knocking it down very quickly.”
He added: “We need it for temporary car parking.
“We still need one or two things to be agreed with the city council, which we are having ongoing discussions with them about.”
The demolition plans come just weeks after Mr Morgan unveiled plans for a £40 million revamp of Molineux that will see its capacity increased to 50,000.
Carillion staff moved out of the nine-storey building, on the corner of Waterloo Road, and into the former Staffordshire Building Society base on Ring Road St Mark’s in May 2008.
It was revealed that the building had been bought by Mr Morgan’s Bridgemere Group in January.
There has been speculation that the land could one day be transformed into a leisure development and possibly a hotel. But Mr Morgan today said long-term plans were still being discussed.
“In the medium to long term, we are keeping our options open,” he said. “It was an opportunity. It was available, it was on the market and it was within our ‘island’, so it was a case of buying it now and seeing what to do with it later.”
The option of keeping the building for office space was originally explored but the plan is now to replace it with a car park which may help to relieve match-day congestion.
Fans were hit by the introduction of a residents parking scheme in streets around Molineux in 2003.
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