JLL Residential

Ref No. JLLATC47282
Daedalus Waterfront, Lee-On-The-Solent, PO13 9YA

For Sale, Investment

    Major mixed-use waterfront development opportunity fronting the Solent, suitable for commercial, leisure and residentail development.

    The site has been developed for military purposes since 1917 and forms part of the larger Daedalus Estate, 450 acres, which includes an operational civilian airfield, a search and rescue facility operated by the Maritime and Coastguard Agency, a college and a new Business Park, currently under construction. Daedalus Waterfront sites within the Solent Enterprise Zone, on of twenty-four Enterprise Zones in England, providing significanmt rates relief for qualifying companies, and access to grants to assist with capital works.

    The Homes and Communities Agency, in collaboration with partners, is seeking to appoint a development partner with a clear vision to transform Daedalus Waterfront into a thriving and successful waterfront mixed-use development.  A comprehensive redevelopement is proposed in phases over a period of years and includes exciting opporunities for employment, residential (new build and refurbishment), care homes/villages and leisure and retail uses.

    The planning context to date is provided by the Supplementary Planning Document (SPC) which identifies the site as a mixed-use of strategic importance. An outline planning application for the whole site has resolution to grant consent subject to a S106 agreement. Both identify the site as employment led mixed-use with the SPD identifying up to 85,000 sq m of employment space and 350 residential units (101 of which are being developed separately). Future discussions will be predicted on deliverying a vision for the site. The whole of Daedalus Waterfront sits within Gosport Borough Council's boundary.

    Expressions of interest are invited in writing from interested parties to undertake a phased development of the site for employment led mixed-use.

    A Pre-Qualification Questionnaire will be sent out to all interested parties.

    A detailed contract will be negotiated with a shortlist of interested parties under the Public Contracts Negotiations 2006, and a preferred developer appointed in spring of 2015.