Development at Elwick Place, Ashford, Kent
A development agreement (“DA”) was originally entered into in 2010 between the South East England Development Agency (“SEEDA”) and Stanhope PLC and concerned the re-development, in phases, of a site in the centre of Ashford known as Elwick Place according to a masterplan to be agreed between the parties. In 2015 the Council acquired the site and the rights and obligations formerly vested in SEEDA under the DA. The Phases are now as follows: Phase 1 (cinema, hotel, restaurants, retail units and car park), Phase 2 (2...
Buyer
Ashford Borough Council
Value
£80,250,000
Published
7 Mar 2022
Closes
7 Mar 2022
Procurement details
Source
Find a Tender
Region
Mid Kent
Procurement method
Limited
Category
Works
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
45212000
Construction work for buildings relating to leisure, sports, culture, lodging and restaurants
45211340
Multi-dwelling buildings construction work
Lots
Lot 1 Development at Elwick Place, Ashford, Kent
£80,250,000
Phase 1 of the development has now been completed. The DA required Stanhope to begin the process of drawing down Phase 2 prior to two key dates: the “Long Stop Date” (16 March 2022) and the “Phase Termination Date” (4 May 2022) but it may only do so after satisfying a number of conditions. Delays caused by (a) the Covid-19 pandemic; and (b) the Stodmarsh iss...
Delivery: Kent
Documents
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Contains public sector information licensed under the Open Government Licence v3.0.