Development Opportunity (STP)
Expressions of Interest Invited by 13 May 2022
The East Cowes Waterside development site comprises land owned by the Isle of Wight Council. The regeneration of the area is a key priority to IWC and local stakeholders. £5.8 million Levelling Up Funding has been secured to regenerate public realm and dilapidated buildings at Venture Quays by March 2024 which will help create new jobs in the Marine Industry and improve part of the Esplanade.
The Site includes two parcels. The eastern ‘Maresfield site’ (circa 0.86ha), is of differing levels and currently accommodates a car park. The western ‘Albany North’ site (circa 0.44ha) comprises a single story industrial warehouse unit situated next to the attractive Victoria Barracks building, which will be renovated by IWC.
It is important to note that this is not an offer for sale or invitation to tender. The document provides information on the site to capture initial market interest. Any further decision on development strategy will be subject to the rules associated with a formal procurement or marketing process.