Gleeson(M J)Group PLC
06 March 2008
Thursday 6 March 2008
GLEESON SELECTED AS PREFERRED DEVELOPMENT PARTNER FOR MARGATE REGENERATION
SCHEME
MJ Gleeson Group plc (GLE.L), the housing regeneration and strategic land
specialist, announces that the Group has been selected as preferred development
partner for the Rendezvous Site in Margate, a substantial scheme and key
regeneration initiative in north east Kent.
The Rendezvous Site is located on the seafront adjacent to Old Town, Margate,
next to the location of the proposed Turner Contemporary Gallery, to be designed
by 2007 RIBA Stirling Award winner, David Chipperfield Architects, and due to
open in late 2010. JMW Turner, one of Britain's finest landscape and marine
artists, was born and lived much of his life (1775-1851) in Margate.
The development of the Rendezvous Site is intended by Kent County Council and
its regeneration partners to complement the Turner Contemporary Gallery and to
reinforce the regeneration benefit. The Gleeson team's proposals, which will be
refined in the coming weeks, include a four star hotel, some commercial
development and a new substantial residential crescent. The mixed-use
development should be substantially underway by late 2010.
Duncan Thomas, a Director in DTZ's Development Consulting team, which advised
Kent County Council on the developer selection competition, said 'We are
extremely pleased by the decision to select Gleeson as preferred development
partner. The quality of Gleeson's proposals, and the exciting range of uses,
confirm the confidence which we have had throughout the developer selection
process in the Rendezvous Site as a landmark development opportunity. We look
forward to working with the Gleeson team over the coming months.'
Steve Peters, Managing Director of Gleeson Regeneration and Homes South,
commented 'We are delighted with our appointment and are very much looking
forward to working alongside Kent County Council and its regeneration partners
on this prestigious scheme. Our appointment is testament to the expertise and
experience of our development team, not least in connection with the
regeneration of another brownfield site in Kent, Stanhope Estate in Ashford,
where Gleeson was appointed developer in April 2007 and is currently making
excellent progress.'
Enquiries:
MJ Gleeson Group plc 01252-360 300
Paul Wallwork (Group Chief Executive)
Steve Peters (Managing Director, Gleeson
Developments (Southern Region))
Bankside Consultants Ltd
Charles Ponsonby 0207-367 8851
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