25.02.11
Southampton coast redevelopment pushes ahead
A preferred developer has been appointed to oversee the £450 million redevelopment of a swathe of coastline in Southampton.
The city council appointed Morgan Sindall Investments Limited (MSIL) to manage the Royal Pier Waterfront redevelopment, in discussion with The Crown Estate and Associated British Ports (ABP), which jointly own the site.
Councillor Royston Smith, Leader of Southampton City Council said: “I am confident MSIL is the right company to bring Southampton’s waterfront back to life. MSIL is financially strong and will bring a large number of vital jobs to the city.
“They also have a good track record of working with councils delivering excellent developments.
“Despite the current financial climate Southampton continues to attract interest for developments in the city and the council is working hard to attract many more jobs for residents.
“I am confident MSIL will create a scheme that will place Southampton as one of the most dynamic waterfront cities in Europe, but also to create a legacy for the city of which everyone can be truly proud.”
Ernie Battey, executive chairman of MSIL, said: “We are delighted to have been selected as preferred developer for this major waterfront scheme. Being South Coast based and familiar with Southampton, I know how important it is to achieve an exciting and vibrant development for which we can all be proud.
“This key site provides the opportunity to position Southampton at the forefront of internationally recognised waterfront schemes and MSIL has the experience, knowledge and financial stability that will be crucial to its successful delivery.”
The Royal Pier Waterfront development is a key element of the city’s masterplan, which is currently being drawn up by David Lock Associates and will go to public consultation later in the year.
(Image Copyright: Ali San)
Tell us what you think – have your say below, or email us directly at [email protected]