Better Queensway Regeneration Project

The Council is committed to seeking a partner with whom we will develop a long-term relationship-working together to deliver Better Housing, Better Living, Better Place. We are seeking to establish a genuine partnership, where objectives are aligned, to fund, develop, manage and operate the new scheme. The Council has developed a series of objectives / requirements that build on its vision for Better Queensway of “Better Housing, Better Living, Better Place”. These Objectives / Requirements express the Council’s aspirations for the scheme and the type of partnership that it is seeking to be established to underpin it.

The scheme
• The expeditious delivery of a mixed use scheme, with an increase to the 441 affordable homes that are currently provided on the site
• The expeditious delivery of a mixed use scheme including the re-provision of the current level of affordable housing
• Delivery of a safe, vibrant, integrated and sustainable community that will impact positively on the economic and social well-being of the community, including the establishment and operation of a Community Fund.
• Highways works to the Queensway, and broader network with improved pedestrian and cycling connectivity to the town centre whilst still providing convenient and efficient transport links, particularly to the seafront
• Accommodation of existing tenants and resident leaseholders who wish to remain, on the same terms and conditions
• High quality scheme with high quality homes throughout the development, delivering sustainability during construction and its lifetime
• High quality public realm ensuring all buildings are set within attractive useable open spaces in which people feel safe to live, work and play
• Demolition of the towers

The partnership
• A long-term partner to work with it to fund and develop the mixed use scheme and to fund, manage and maintain all public realm and retained operational units on the site.
• The Council requires an ongoing role in the governance of Better Queensway with a strong voice in a variety of key issues.
• The Council is seeking to retain freehold ownership of the land on the site, including any aspects purchased through the partnership and will invest the value of this land into the partnership
• The Council has some appetite for development risk. Any partnership developed should ensure that risks shared, or taken, by the Council must be balanced by commensurate reward. Any Council investment will need to be balanced by private investment.
• The Council expects to receive meaningful financial returns throughout the development and the life of the operation of the scheme.
• The partnership must keep stakeholders engaged and informed throughout the life of the scheme.

To access the data room please visit: http://www.investbq.co.uk/dataroom/ Register on the website using invitation code: Betterqueensway2158