Martin Ford 28 August 2019

£450m flagship regeneration project scrapped

£450m flagship regeneration project scrapped image

Southampton City Council has terminated an agreement for a multi-million pound regeneration project.

Under the £450m Royal Pier Waterfront plan, a 32-acre disused site would have been developed into office space, leisure facilities, shops, a casino and 730 luxury apartments.

It was previously described as a ‘flagship project’ by the council, one of the landowners.

However, the authority has confirmed it triggered the termination of the development agreement it signed in 2014 with RPW (Southampton) Limited, a joint venture company owned by Morgan Sindall and funders Lucent Group.

In a statement, the council said it wanted to ‘explore the potential for deliverable development plans’.

It added: ‘Southampton City Council is looking to secure suitable investment for the Royal Pier Waterfront site and welcomes all expressions of interest from potential investors to work with us to deliver a world-class waterfront destination for the city.’

The development area, owned by the council, Associated British Ports and The Crown Estate, centred on the Royal Pier, which has remained disused for many years.

Southampton had agreed for Aspers to operate the casino, paying £100,000 on grant of the licence, £150,000 on opening and £50,000 per year.

Doubts were expressed about the future of the project as far back as 2017, when increasing costs associated with decontaminating the site and uncertainty due to Brexit surfaced.

SIGN UP
For your free daily news bulletin
Highways jobs

Principal Human Resources Adviser

Royal Borough of Greenwich
£37722 - £40869 per annum
Principal Human Resources Adviser - 1 year Fixed Term ContractRoyal Greenwich is ambitious in its commitment to residents and to service delivery. We' England, London, Woolwich
Recuriter: Royal Borough of Greenwich

Network Architect

Camden London Borough Council
Competitive Salary
The job holder will require a good understanding of security & connectivity practices in the context of Cloud services preferably Microsoft Azure. Camden, London (Greater)
Recuriter: Camden London Borough Council

Transport Development Officer

North Yorkshire County Council
£39,880 - £43,857 per annum
A flexible working offer that allows you to have a true work/life balance. Northallerton, North Yorkshire
Recuriter: North Yorkshire County Council

Recycling Manager

Camden London Borough Council
£41,952 - £48,663
The position sits within the North London Waste Authority’s (NLWA’s) Strategy and Services team, managing... Camden, London (Greater)
Recuriter: Camden London Borough Council

Traffic Management Officer - Carlisle

Cumbria County Council
£31.346 - £32.234
This role involves working within the traffic team liaising with members of the public and councillors agreeing and... Cumbria
Recuriter: Cumbria County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue