Martin Ford 28 August 2019

£450m flagship regeneration project scrapped

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

Head of Democratic Services, Elections & Monitoring Officer

Harborough District Council
Grade 12 £67,236 – £71,223 plus £3000pa Statutory Officer Allowance
We are looking for an accomplished and proactive leader for our vacant post of Head of Democratic Services & Elections Market Harborough, Leicestershire
Recuriter: Harborough District Council

Senior Support Worker

Oxfordshire County Council
£29065.00 - £31022.00
We’re transforming the way we deliver our frontline services to older adults in the heart of their communities to get the best outcomes possible for each and every person we work with. We do this through our commitment of ongoing professional training, Countywide
Recuriter: Oxfordshire County Council

Tree Inspections Officer

Barnsley Metropolitan Borough Council
£35,412 - £38,220
Barnsley Council have an exciting opportunity for two Tree Inspections Officers to join the team based in Barnsley. S70 2RD, Barnsley
Recuriter: Barnsley Metropolitan Borough Council

Planning Policy Officer

West Northamptonshire Council
£39,190 - £41,797
This is alongside a suite of Neighbourhood Plans and supporting policy documents for a unitary area that serves a population of 450,000. The team is supported by a dedicated Monitoring function and works collaboratively with stakeholders, the Planning Pol Towcester
Recuriter: West Northamptonshire Council

Clerical Officer Receptionist

Durham County Council
Grade 3 £25,185 - £25,989 pro rata
WHAT IS INVOLVED? We are looking to appoint a temporary part time Clerical officer/Receptionist within Business Services to provide a professional, Durham
Recuriter: Durham County Council
Linkedin Banner