Development partner search launched for key Camberley development site

By Paul Norman - Friday, March 09, 2018 13:35

Surrey Heath Borough Council has gone to market seeking a development partner for the redevelopment of its London Road site, a gateway area for its ongoing rejuvenation plans for Camberley town centre.

To date SHBC has invested £140m into Camberley via the acquisition and subsequent refurbishment of The Square shopping centre, projects to improve the roads, pavements and public realm areas in the High Street and the redevelopment work that is about to commence converting Ashwood House into 116 apartments.

The next stage of regenerating Camberley is investing in and improving the area along London Road (A30) between the High Street and Park Street.  SHBC will be looking to secure a development partner to deliver a "major redevelopment of this gateway site"

Karen Whelan, CEO, SHBC said; "Camberley is rapidly transforming into a modern and improved place to live, do business and shop. We envisage this is the start of a really exciting new development for London Road which will offer both residential and business opportunities. The redevelopment of this site will also greatly improve the gateway to our town.”

This spring SHBC will be starting the formal process of selecting a development partner. Alongside this the Council is likely to be required to progress assembly of the site.

SHBC has contacted the current owners and tenants occupying the buildings within the site and will be working with them to ensure affected businesses are relocated within the town wherever possible, including the opportunity to relocate temporarily and be part of the new development.  

Cllr Moira Gibson, Leader of the Council added; "It has been a key objective of the Council to drive forward and deliver positive change and regeneration projects to Camberley town centre. The redevelopment of this key quarter will ensure the Council's dynamic renewal work encompasses the entire town centre bringing improved economic prosperity to Camberley and all of Surrey Heath."

Montagu Evans is advising Surrey Heath BC.

Alan Harris, Partner and Head of Development at Montagu Evans, said: “Local authority-led regeneration is increasingly essential for the long term future of urban centres. Surrey Heath BC is leading the way in Camberley, taking a town-wide view, identifying key sites and creating strong partnerships that will help deliver high quality development. The 5-acre London Road site is a significant opportunity and we are expecting considerable interest in taking it forward.”

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