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Bournemouth car park regeneration begins


The regeneration of Bournemouth town centre passed a significant milestone when an official turf cutting heralded the formal start of building work on a five-storey apartment block overlooking Horseshoe Common.


The £12 million development, on the former council-owned surface car park at Leyton Mount, will house 64 flats and a 3,120 sq ft commercial unit suitable for a café or restaurant.


Businesses, council leaders and project partners all welcomed the plan during its public consultation stages as a way of improving safety in and around the Common and rejuvenating nearby Old Christchurch Road.


The project is being led by The Bournemouth Development Company (BDC), Bournemouth Borough Council‘s delivery partner for its 20-year Town Centre Master Vision.


BDC, a public-private partnership between the council and Morgan Sindall Investments, secured planning permission in 2012.


Duncan Johnston, BDC development director, said: “The redevelopment of the Leyton Mount car park will be a catalyst for improvement at Horseshoe Common and the streets, paths and open spaces that lead to and from it.“


Funding for the scheme includes a £5m investment from the Homes and Communities Agency‘s (HCA‘s) Get Britain Building programme.


Elizabeth Wright, HCA area manager, continued: “This is an important project for Bournemouth and the wider economy because of its focus on creating a better, more successful town centre.


“The new jobs and investment it will create will help give a boost


to the local economy which our funding will support.“


Other companies involved in the scheme include the Bournemouth planning consultancy Terence O‘Rourke and the Ferndown office of building services engineers, Hoare Lea.


The start of work at Leyton Mount comes just weeks after site clearance and construction began on two other BDC projects, both at neighbouring Madeira Road. A former council-owned car park, part of the Madeira Road site will also be redeveloped into three blocks of accommodation for 378 students at the Arts University Bournemouth. Alongside will be a 382-space multi-storey car park, specifically designed to ensure the permanent provision of public parking in the area.


The combined development value of the Leyton Mount and Madeira Road projects is £40m.


Business THE TM MAGAZINE:DIGITAL


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The Business Magazine:Digital at www.businessmag.co.uk


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Artist‘s impression of Leyton Mount in context of the wider town centre Sunseeker sold to Chinese property group


Dalian Wanda Group, a Chinese property developer, is to invest £1 billion in the UK through the purchase of Dorset-based Sunseeker International and with plans for a five-star hotel in London.


Wanda will pay £320 million for almost 92% of Poole-based Sunseeker, famous for providing yachts for James Bond films. It will also invest £700m to develop a five- star hotel in London.


The company said Sunseeker will maintain its existing production bases and current workforce, with founder Robert Braithwaite set to continue his


involvement. Management will hold the remaining 8% stake in the business.


China’s rapid economic growth has boosted the number of high-net- worth individuals which has, in turn, created a massive market for luxury goods.


The hotel in London will be the first such development to be operated by a Chinese firm overseas and has been welcomed by the mayor of London, Boris Johnson, who said that the deal was “yet another sign of the soaring global confidence in London as a world-beating place to live, work and do business“.


THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JULY/AUGUST 2013


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