Top listing for Chesterfield Waterside set to bring it to the attention of investors
Chesterfield’s commercial property offering has been brought to the attention of national investors after the town’s Waterside development was announced as one of the UK’s largest Regeneration and Renewal projects in a prestigious list of major schemes issued for 2013.
The £340m development, has moved four places since 2012 to be ranked at number 47 in the top 100 list of the UK’s largest regeneration projects, published this week in the sectors leading publications, Planning Magazine, and Regeneration & Renewal.
The 60-acre development is being led by Chesterfield-based company, Bolsterstone Group, working in partnership with Arnold Laver Group and Chesterfield Borough Council.
Peter Swallow, Managing Director of Bolsterstone Group and Chair of the town’s marketing campaign, Destination Chesterfield, is delighted with the project’s position in the list. He explained: “Acknowledgment of Chesterfield Waterside as a key regeneration project in the UK will bring it to the attention of national commercial property agents, and inward investors/employers looking to establish new locations, which will in turn bring new jobs and opportunities to the Town.”
The first commercial/employment phases of the mixed-use 10-year development project will feature office space located on the site of the former Trebor Bassett factory, adjacent to the railway station. Bolsterstone are currently in detailed negotiations with a number of potential occupiers, which should lead to a start on site in the coming months. In addition, negotiations in respect of the family housing element of the project, which is to be developed on the former Arnold Laver timber yard site, are also at an advanced stage.
He added: “Chesterfield Waterside’s first phase location, right beside the station and within walking distance of the town centre will, I believe, make it particularly attractive to technology and digital media companies. It’s an opportunity to attract these rapidly growing new business sectors to the town and create opportunities and jobs for the people who live and work here.”
Chesterfield Waterside forms part of the A61 Corridor Regeneration area, which has already delivered the independent four-star Casa Hotel, Tesco and the Pro-act stadium. The Waterside development is one of two projects by Bolsterstone Group to appear in the prestigious Top 100 list; the other being the £244m New Bolton Woods scheme in Bradford, which is listed at number 65.
Mr Swallow added: “The strong positioning of our schemes across the region highlights the achievement in maintaining project momentum at a time when some major regeneration projects across the UK have stalled.”
