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Tees Valley Regeneration - Hat trick for Darlington

TEES VALLEY REGENERATION today (Wednesday 27th June) announced a trio of first rate developers to transform Darlington’s Central Park masterplan into bricks and mortar and provide a huge boost to the local economy. The project will be the biggest development in Darlington for a generation and represents an investment of £200 million, creating 2,000 new jobs as well as another 400 during the construction process.
Tees Valley Regeneration have appointed a consortium consisting of Commercial Estates Group, Yuill Homes and Keepmoat Plc as preferred developer for Central Park. Commercial Estates Group will undertake the commercial and leisure elements and Keepmoat and Yuill the housing.
The appointment of three of the most influential names in the business, brings building work on the site a step closer. Ultimately the development will include 600 residential units, including 159 apartments, 300,000 square feet of commercial development and significant leisure proposals, including first class restaurants, bars and shops of around 50,000 square feet. Affordable housing will make up 15% of the total.
The 75 acre site has already benefited from £17m of investment on site remediation, enabling works, infrastructure provision and property acquisitions. The first steps in the development process will see work commence in summer 2008 with development on the site scheduled to follow in 2009.
Joe Docherty, chief executive of Tees Valley Regeneration, said: "This is fantastic news for Darlington and the Tees Valley. We have signed up a consortium of developers with a first-rate reputation for delivering high-class community and neighbourhood renewal schemes.
“It is a signal to everyone that we mean business with three of the best property development names in the country signing up to be part of Darlington’s future.
"Central Park will be a huge success and bring tremendous benefits to the people of Darlington."
The consortium has been selected as preferred developer because its proposals for the site most closely reflected the aspirations for quality and design held by Tees Valley Regeneration and their partners.
Jon Kenny, Development Director at Commercial Estates Group said: “The existing status of Darlington and its strategic location and profile alongside the new College we believe creates a great opportunity to develop a high quality scheme to attract inward investment and new jobs. What is so exciting is that this partnership will deliver new facilities and amenities which will be enjoyed by the local community, as well as creating a vibrant environment for the people who will live and work here.”
David Mullins, managing director of Yuill Homes, said: “We are thrilled at the opportunity to play a significant part in such a ground-breaking scheme and we are eager to demonstrate our experience, expertise, enthusiasm and commitment to its delivery.
“A great deal of work has already been undertaken to get to where we are today and this careful preparation will result in a high quality and sustainable development that offers an exciting new way of living whilst ensuring it suits the needs of its community.”
Richard Bass managing director with Haslam Homes North East (Keepmoat plc’s delivery brand at Central Park) said: “It is rewarding to have been selected to help deliver this ambitious regeneration scheme.
“Through partnership working we are confident that we can transform this area, attracting further investment, creating local jobs and training opportunities and developing a new and vibrant community for Darlington.”
Darlington Borough Council has been working closely with Tees Valley Regeneration to bring the project to fruition. Cllr John Williams, leader of Darlington Borough Council said: “This latest announcement is further evidence that Darlington has a bright future. The Central Park scheme compliments the Council’s continued investment into the town centre and the calibre of the developers now signed up to the scheme sends an important message out to everyone that Darlington is the place to be.
“Central Park will raise the profile of Darlington and the Tees Valley. It will attract much investment and deliver high quality homes, offices and leisure facilities for our town.”
Steve Gawthorpe, area director for English Partnerships the Government's Urban Regeneration Agency said: "English Partnerships are pleased to work with our partners Tees Valley Regeneration, One North East and Darlington Council to help create a high quality mixed sustainable development to help give a vibrant future for the town."
John Holmes, Director of Regeneration at One NorthEast, said: “There’s no doubting the potential of Central Park. It will create around 2,000 new jobs and will transform the barren site into a thriving mixed-use development.
“Today’s announcement that Commercial Estates Group, Keepmoat and Yuill Homes have been brought on board is an important step to achieving this, and I’m sure over the coming months we will see activity at the site really step up.”

Email: rachael.heath@coolbluebrand.com