Basingstoke hunts for development partner
Basingstoke and Deane Borough Council will begin its hunt for a partner to develop six sites in Hampshire town Basingstoke next Monday.
The council is set to launch its hunt at the Public Property Summit next week. It wants a partner to develop almost 1m sq ft on six sites it owns in the Basing View area of the town over the next 15 years. A tender document is to be published by the Official Journal of the European Union on Thursday.
It has revealed its plan for the area that including 640,000 sq ft of office space, 184,000 sq ft of hotels and serviced apartments, 107,500 sq ft of homes, 43,000 sq ft for shops, and 15,000 for leisure facilities. In total, this comes to 989,500 sq ft.
Interested parties will be invited to send a completed pre-qualification questionnaire to the council by 1pm on Thursday 9 December. It plans to name its preferred bidder next July.
The council owns six sites in the area, which total 20 acres. It wants a partner to develop four core sites: City Wall House, Loddon House, No. 1 Basing View, and land next to Fanum House. City Wall House and Loddon House are being demolished.
There is also potential to develop the Gresley Road Triangle – an 8.3 acre brownfield site on the edge of the town centre – and other opportunities that arise management of other buildings.
Basingstoke and Deane Borough Council has earmarked more than £10m for schemes on the sites, and has also started work on £1.5m of public realm improvements.
Simon Hope, strategic project manager at Basingstoke and Deane Borough Council, says regenerating Basing View is the council’s “number one priority”. It is being advised by CB Richard Ellis and law firm Nabarro.
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- Basingstoke & Deane council buys The Malls
- Covent Garden Market Authority kicks off search for £1bn development partner
- LDA announces six new development sites
- Lancaster council to partner up for city scheme
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