Queens Park development to create new jobs
Plans to deliver a £17 million multi-use leisure centre for Queens Park residents in London have been given the go-ahead by Westminster City Council.
The scheme, which has cross value of £60 million, will see the building of 120 new homes developed by Regen on two sites within 0.6 miles of each other.
The new sport centre will be located on the existing Moberly site will be developed at no cost to the taxpayer. It will be funded by a private developer, Willmott Dixon, in exchange for building residential properties on both sites.
The Council is expected to benefit from uplift in sales values of the homes during construction which will create new jobs and boost the trades industry.
This type of land arrangement is set to become more widespread as councils look for innovative funding methods from private sector developers to unlock value and increase funds to build new facilities.
Westminster councillor and a deputy cabinet member for sport and the Olympics, Steve Summers, said: “Few councils are in the position of being able to build multi-million new sports facilities in the current financial climate.
“But together with Willmott Dixon, we look forward to working on proposals which will create a £17m sports centre for residents of Queen’s Park together with a smaller sports facility at the Jubilee site. This will all be done at absolutely no cost to the taxpayer, so represents incredible value for money.”
The new leisure facility will have a 25-metre swimming pool, eight court sports hall, health and fitness facility, exercise studios, a health spa plus boxing and gymnastics halls.
Andrew Telfer, CEO at Regen, said: “I am delighted to be working with Westminster City Council on this exciting and ground-breaking scheme.
“With both current leisure centres in need of modernisation, this solution provides a bigger, state-of-the-art property for the local community offering high quality sporting facilities for many generations to come along with much needed quality new homes.”
Posted on October 12, 2012, in Affordable housing, Building Construction Industry, Building Engineering Sector, Business, Construction, construction jobs, construction news, Employment, Energy Efficiency, Environment, Government, Heath and Safety, Housing Scheme, Infrastructure, Plumbing News, Politics, t4ts, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged Andrew Telfer, £17m investment, building construction sector, capital investment, CEO at Regen, economic boost, Employment, Housebuilding, Housing Investment, Leisure centre, London, new jobs, Olympic, Olympic Games, Queen, Queens park, Regen, Steve Summers, Swimming pool, t4ts news, Trade news, Trades Industry, train4tradeskills news, UK, Westminster, Westminster City Council, Westminster councillor, Willmott Dixon. Bookmark the permalink. 1 Comment.