15th Mar 2006 14:00
Crest Nicholson PLC15 March 2006 15 March 2006 Selection as preferred lead development partner for £250m regeneration projectin Southampton Crest Nicholson PLC (Crest), the residential and mixed use development company,today announces that it has been selected by the South East England DevelopmentAgency (SEEDA) as the preferred lead development partner for its 12.5 hectare(30 acre) Woolston Riverside site in Southampton. Chosen for its strong track record in the successful delivery of large scalewaterfront developments, Crest was selected from an initial tender list of 22and a shortlist of five potential development partners. Crest will deliver theresidential elements of the scheme and associated retail, leisure andcommunity facilities. Preparation works on the former shipyard site are expected to commence in spring2007. This will include provision of a new central piazza with waterfrontaccess. The development will include approximately 1,500 homes together with arange of uses including retail, leisure and community facilities. Work on thefirst residential units is anticipated to commence in summer 2007 with anoverall eight year development programme. Stephen Stone, Crest's Chief Executive, said: "We are delighted to have been selected as the lead development partner for thishigh profile and exciting mixed-use development. In partnership with SEEDA andSouthampton City Council we will work to create a vibrant and thriving newcommunity at Woolston Riverside, a site which, due to its previous use as ashipyard, has been inaccessible to the public for over a century." SEEDA's Development Projects Direct, Peter Cusdin, commented: "We are delighted to be working in partnership with Crest Nicholson - thecompany has resources and experience to deliver a unique and landmarkdevelopment on the site. Our vision for Woolston Riverside is to create aneighbourhood with a distinctive character, to provide quality homes, employmentopportunities, open space and community facilities." -ENDS- cont'd.... Enquiries to: Kate Miller/Robert Gardener Brunswick Group LLP Tel: 0207 404 5959 Jenni Williamson, PR Manager Development & Infrastructure SEEDA Tel: 01483 484272 Email: [email protected] Notes to editors Crest Nicholson PLC (Crest) Crest, the residential and mixed used development company, is a leadingdeveloper of sustainable communities and large scale urban regeneration schemesthroughout the UK. The Company's vision and values, combined with its experiencegained from its existing portfolio of major projects, makes the company wellequipped to lead the complex and challenging process of delivering sustainablecommunities. Current urban regeneration projects include developments at Port Marine(Portishead), Bristol Harbourside, Ingress Park (Greenhithe), Park Central(Birmingham) and Riverside (Hemel Hempstead). In addition the Company has asignificant pipeline of agreed urban regeneration projects including Oakgrove(Milton Keynes), Penarth Heights (Cardiff) and Bath Western Riverside. For further information see www.crestnicholson.com. SEEDA SEEDA is the lead public sector body for delivering regeneration and physicaldevelopment in the South East region. The agency works closely with Government,local authority partners and the private sector to deliver national and regionalpriorities, such as the three growth areas - Thames Gateway, Ashford and MiltonKeynes. For further information see www.seeda.co.uk. Woolston Riverside Site SEEDA owns the 12.5 hectare, former VT Group shipyard site in Woolston,Southampton. The VT Group has relocated its operations to new bespoke facilitiesin Portsmouth. The site is situated on the east bank of the River Itchen in aprominent waterfront location, south of the Itchen Toll Bridge. It lies directlyopposite the existing development known as Ocean Village. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Crest Nicholson