Morgan Sindall Investments Ltd (MSIL), the investment unit of construction and regeneration group, Morgan Sindall Group, has been chosen as a preferred developer for the Royal Pier Waterfront project.
The firm will partner with Southampton City Council, Associated British Ports and The Crown Estate, who jointly own the 60-acre land.
The developers will shortly submit the planning application for a comprehensive mixed-use development of the site.
The current listed Royal Pier has been disused for years after the inflicted damage by fire and storm.
A whole development will be built on the 32-acre site located near the City Walls and Port of Southampton.
The scheme will be constructed in five phases and will include a residential development of waterside apartments, offices, hotels as well as leisure, food, drink and retail facilities.
“We are delighted to have been selected as preferred developer for this major waterfront scheme, which is an exciting and vibrant development for the city,” says Ernie Battey, executive chairman of Morgan Sindall Investments Limited. “This mixed-use development has the potential to position Southampton at the forefront of world-class 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 major part of Southampton City Council’s masterplan, which is currently being prepared for the public consultation stage.
Simon Letts, Leader of Southampton City Council, commented: “We are very excited by these proposals.
“The Royal Pier Waterfront development is the flagship project in our overall plan to further enhance our city’s reputation as a first-class destination to live, work and visit”.
The development is expected to start in 2015 and be constructed in five phases each one creating a fair amount of construction and civil engineering jobs.
Photo: Construction Index
