Tuesday, August 07, 2007

Basildon Town Centre Regeneration

The first phase of the Basildon Town Centre procurement has gone pretty well. Commercial confidentiality concerns pervade the process, so I'll leave it to the Council press release:

06 August 2007

The estimated £1 billion regeneration of Basildon town centre has attracted Europe wide interest since it was first announced last year.

The council is pleased with the number of companies which have formally expressed an interest in this project. This reflects the high level of interest being shown in Basildon by developers and investors.

The period for formally submitting expressions of interest in the regeneration closed at 1pm today (Monday 6 August ).

Last June a contract notice was published in Official Journal of the European Union as Basildon Council started the formal stage of finding a development partner to develop the project.

The details of developers and investors who have submitted an expression of interest will remain confidential until the council considers who to shortlist for the next stage. The shortlist is due to be announced at the end of September.

Companies shortlisted will be invited to talks with the council’s team before being asked to submit formal tenders. The name of the successful development partner is expected to be announced next spring.

The regeneration of Basildon town centre will see the development of 3,650 new homes, 49,000 sq m of retail and leisure, and 53,000 sq m of offices. As part of the project the council will develop a new civic centre and a library and arts complex.
A development framework for the town centre was approved in 2006. It will form the basis for a master plan that the selected development partner will be asked to prepare.

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