Stafford Gateway NorthStafford Town Centre

OpportunityThe promoter is open to discussions regarding possible investment structures, however these should include equity, forward funding and joint venture developer partnership with the local authorities.

Stafford Gateway North is an opportunity to help deliver a dynamic residentially led development, within a larger master-planned opportunity for new business/commercial and residential districts with direct access to future High Speed 2 (HS2) rail services at Stafford Station.

Project Promoters:

Stafford Borough and Staffordshire County Councils

Scale:

£381m GDV Overall Masterplan

£51.5m+ GDV (Phase 1 Gateway North)

Sector:

Mixed use, residential and commercial

Location:

Stafford Town Centre

Investment Type:

Equity investment, forward funding, joint venture developer partnership

Planning Status:

Gateway North Local Plan allocation

staffordbc.gov.uk/staffordregeneration

Overview

This is a unique opportunity to deliver an exciting phase of development in one of the Constellation Partnerships flagship projects. The Stafford Station Gateway Masterplan is located in one of the regions fastest growing areas and will deliver 3 principle phases of development; Gateway North (predominantly residential), Gateway Central (a mix of residential and commercial) and Gateway South (predominantly commercial).

Background

The investment is at the heart of the wider development of Stafford as a sub-regional growth area within the West Midlands. Stafford has already seen £100 million investment in a new retail offer as part of a £2 billion investment programme which includes a minimum of 10,000 new homes. The arrival of HS2 rail services to Stafford will significantly enhance the County Towns already excellent connectivity to national rail and motorway networks. The investment takes advantage of a high skills base and the growth of digital, advanced manufacturing and professional services in the area.

Overall, the wider Stafford Station Gateway Masterplan includes 75,000 sqm of offices, 800 new homes, 120 bed hotel/conference facility, 2,000 sqm of retail/leisure, 3,000 sqm of industrial, 1500 multi-storey parking spaces, and railway station upgrades together with 6.5 hectares of urban green and civic space.

Project Description

Station Gateway Masterplan provides a new Central Business District together with new residential neighbourhoods in two further phases to the south of the

Gateway North sites. Stafford Gateway North is a residential led project located on 7.7 hectares of prime town centre land, and forms an important phase of the Station Gateway Masterplan.

Gateway North is in public ownership and is proposed as an urban residential development of up to 250 homes including 100 apartments and 1.2 hectares of commercial development.

Access and connectivity are key to the project with the delivery of the £60 million Stafford Western Access Road due to commence in summer 2019 with completion due in 2021, and integral to the vision to unlock the Stafford Station Gateway Masterplan and HS2 connected rail station.

The Gateway North site is expected to be a phased construction over a 5 year period with initial site clearance work commencing in late 2019.

Project Promoter and Partnerships

The Stafford Station Gateway Masterplan is being managed and promoted by a partnership between Stafford Borough Council and Staffordshire County .The project is supported within the Constellation Partnerships Growth Strategy and aligned with the “Make it Stoke-on-Trent & Staffordshire” LEP Major Projects & Strategic Sites portfolio.

Stafford