Major development opportunities to keep an eye on in the South and Wales
Fawley Waterside
Location Fawley Power Station, Fawley, New Forest, Hampshire
Size: 47ha
Value: £1bn
Development potential 31,000 sq m of offices, 9,000 sq m retail, 45,000 sq m industrial, 3,000 sq m leisure, 7,500 sq m hotel, 1,530 homes. Project being designed as a smart city.
Planning status Allocated site in the submitted New Forest District Council Local Plan and the submitted New Forest National Park Authority Local Plan. Outline planning application to be submitted April 2018
Investment type/opportunity Development finance, long-term investment and/or investment grade debt. Opportunity to share the landowner’s vision for this legacy project.
Project time frame Demolition and enabling works 2017-2019. Commence construction 2020 (10-15 year programme).
Ambition “The vision is to transform the site into a thriving residential and commercial waterside community which becomes a destination for employment and leisure activity.”
West Carclaze Garden Village
Location West Carclaze, Carluddon, Cornwall
Size 202ha
Value £0.6bn
Development potential 150ha leisure, 1,500 homes, 2,200 sq m retail, 4,000 sq m community
Planning status Project has outline planning permission.
Investment type/opportunity Development finance, long term investment as equity partner. Opportunity to share the landowner’s/development jv partner’s vision for a high-quality new community.
Project time frame Phase 1 construction to commence autumn 2018, total project construction period 15 years.
Ambition “Our vision is to positively transform more than 500 acres of former china clay land in mid-Cornwall to create a vibrant and sustainable new eco-community with beautiful homes, excellent community and leisure facilities and an extensive country park.”
West Cheltenham Cyber Park
Location Cheltenham, Gloucestershire
Size 132ha
Value £0.6bn
Development potential 190,000 sq m of commercial (cyber-related businesses), 1,200 homes
Planning status Site allocated in the joint core strategies of the local authorities. Outline planning application to be submitted summer 2018
Investment type/opportunity Development finance, long-term debt or equity
Project time frame Enabling works 2019, construction to commence 2020, 10-year construction programme.
Ambition “A unique opportunity to create a cyber business park on 45ha of land next to the Government Communications Headquarters (GCHQ), delivering a highly accessible ‘honeypot’ for the cyber security and high-tech supply chain to locate alongside the national cyber innovation centre. Cheltenham is a national centre of expertise in cyber security, the home of GCHQ, and hosts an established financial services sector which places cyber security as a very high priority.”
