North
shore construction & development
Tees Valley Regeneration - Top firms commit to huge investment at Stockton
Plans to transform a stretch of riverside
at Stockton’s North Shore have taken a huge step forward with
the signing of a developer agreement.
AMEC and Urban Splash have now signed on the dotted line to make
a commitment to the project - one of Tees Valley Regeneration’s
flagship schemes - that will see the 56 acre site reborn.
The venture will mean a huge boost to the local economy and the
creation of around 2,500 jobs.
The developers’ plans for North Shore mean private investment of
£210m and will see the area enhanced by a mixed use development
including everything from homes and offices to leisure
facilities and a hotel.
As a whole the £300m scheme will also include new facilities for
the University of Durham, on top of the investment already made
in the road access and infrastructure.
Now the legal contractual processes have been completed it means
the team can get on with the job in hand – building a top
quality, head-turning, waterfront showpiece for the people of
Stockton.
Joe Docherty, chief executive of Tees Valley Regeneration, said:
“AMEC and Urban Splash are two of the biggest and most respected
names in the business and I think the team here at Tees Valley
Regeneration has put together a great package.
“Lots of cities would have loved AMEC and Urban Splash to get
together to redevelop their towns so we are delighted it's
happening here in the Tees Valley at Stockton for the first
time.”
“North Shore stretches across 1km of riverfront and will be a
fantastic place to live and work. The project is a huge
undertaking with 480 new homes, 66,000 sq m of office space, a
hotel and shops to service the area and it will be great to see
it grow before our eyes over the coming years.
“Despite the fact that a lot of preparation has already been
done – the land has been prepared, the infrastructure is in
place and the legal agreements are signed – it is now the really
hard work begins!”
Simon Gawthorpe, managing director, Urban Splash Yorkshire said:
“We are pleased to have reached this significant stage on the
long journey to deliver North Shore. We hope to create an
exciting destination which is a both a true extension of the
Stockton town centre and a commercially sustainable regeneration
scheme for the town and the wider area.
“North Shore is our first project in joint venture with Amec
Developments Ltd and we are all looking forward to delivering
our shared vision.”
AMEC regional director, Mike Smith said: “Detailed design of the
first phase consisting of commercial and residential
accommodation will begin shortly, and we have been delighted to
see just how much interest the scheme is generating both locally
and nationally.
“There is no doubt that North Shore will further add to the
continued renaissance of the Tees Valley. With the support of
our public sector partners, we are looking forward to delivering
an exemplar scheme that will really help to put Stockton on the
map.”
Steve Gawthorpe, area director for English Partnerships, the
Government’s regeneration Agency said: "English Partnerships has
invested more than £20m in the assembly, reclamation and
servicing of this site.
“We are therefore pleased that a development partnership of the
calibre of AMEC and Urban Splash has been secured to bring
forward the regeneration of North Shore.
“Together with the announcement of Bioregional Quintain as
developer for Middlehaven in Middlesbrough, we are now beginning
to see a major change in the fortunes of Tees Valley."
Councillor Bob Gibson, leader of Stockton Council, said: "This
is a major step forward for the future of North Shore - a
development fundamental to the long term success of Stockton as
a keystone of both the regeneration of Stockton's town centre
and the Stockton - Middlesbrough Initiative."
John Holmes, director of Regeneration and Tourism at One
NorthEast said: "This is a clear indicationthat North Shore is
moving forward which will ultimately benefit not only Stockton
and the Tees Valley but also the wider region as this innovative
project will undoubtedly boost the profile of the area.
"AMEC is responsible for impressive developments at Newcastle
Quayside and Walkergate in Durham while Urban Splash has
expressed an interest to develop in North East England for
several years so we are delighted they chose North Shore to
demonstrate their innovative work and welcome them to the
region.
“Together they will ensure North Shore lives up to the promise
of being an inspiring development which takes advantage of a
prime location on the river-front and will not only create jobs
and economic regeneration but will also be home to unique
enviable designs that others aspire to."
Email:
Rachael.Heath@coolbluebrand.com