Chelmsford City Council is seeking a development partner for part of Chelmer Waterside – a residential development opportunity on Chelmsford’s waterfront.
The brownfield regeneration site is spread across three plots totalling 15.63 acres and the council says the sites could accommodate at least 770 residential units, with the potential for up to 1,000 units, subject to necessary consents.
Sophie Thompson, a partner in the development strategy and finance team at Knight Frank, which has been appointed by the council to market the opportunity, said: “This is a rare opportunity to acquire three substantial plots located on a prime waterside setting within easy commuter distance to London. With the site already allocated for high-density residential-led development, yet still in the pre-planning phase, this is an exceptional opportunity that offers a blank canvas to potential development partners.”
Knight Frank’s residential land and development strategy and finance teams are jointly instructed to advise Chelmsford City Council, with offers invited on a ‘bid compliant’ joint venture basis, although traditional unconditional or subject to planning offers will also be considered.
