BECOMING OUR PARTNER
The Councils are seeking a development / investment partner with the relevant experience, capability and resources.
It is proposed that the Councils and the selected private sector partner will create a partnering structure through a contractual Agreement that will align the parties’ goals and provide a mechanism for the development to be delivered.
The Agreement is likely to be conditional on agreeing an overall masterplan for Brookfield Riverside, with an associated phasing plan.
A detailed masterplan is required for the whole of the core development site for Brookfield Riverside, incorporating the requirements of the Local Plan. In terms of delivery, the contract will require a retail and leisure-led first phase of development to be delivered by the selected Partner, with the opportunity (not obligation) to deliver later phases of Brookfield Riverside masterplan.
It is anticipated that the Development / Investment Partner’s role will include, but not be limited to:
Creating an ambitious comprehensive masterplan for the overall Riverside development and detailed designs to deliver a retail and leisure-led first phase (with the opportunity, not obligation, to deliver later phases).
Creating a comprehensive project team to meet the objectives of the development opportunity and to work closely with the Councils’ project team.
Designing and delivering a viable, fundable and commercially deliverable first phase of Brookfield Riverside.
Providing support to the Councils through Examination in Public if appropriate, together with completing all necessary land assembly.
Securing planning permission and any other consents.
Undertaking branding, promotion and marketing of the opportunity and finding and securing occupiers.
Securing the necessary funding to deliver the development opportunity in a timely development programme.
Undertaking all necessary and appropriate communication and consultation, with relevant stakeholders.
The above is not an exhaustive list and is likely to evolve over the dialogue stage.