In a transformational East Midlands scheme Areli Developments, founded by Rob Tincknell a major UK developer, will develop the commercial strategy for three sites being promoted by the East Midlands Development Company, a public-private partnership backed by a consortium of local authorities and government.
Areli has brought together a professional team to support a long-term programme which centres on the development of hundreds of hectares of land around East Midlands Airport, Ratcliffe-on-Soar Power Station and the Toton-Chetwynd corridor.
For this transformational East Midlands Scheme some of the sites sit within the boundary of the proposed East Midlands Freeport, while government has also confirmed that HS2 trains will also come into the area.
Tincknell, whose current development portfolio includes over 8m sqft of mixed use regeneration projects, said,
“Areli Developments is thrilled to be appointed as strategic commercial partner to the EM DevCo”
“One of the key workstreams we’ll be commencing over the next 12 months will be to actively engage with local communities and stakeholders to hear their views and build them into the DevCo’s ambitious plans.”
The team behind the redevelopment of high-profile regeneration projects including Gunwharf Quays in Portsmouth and London’s Battersea Power Station has become commercial partner for the biggest development opportunity in the Midlands.
Areli has a global track record for the delivery of transformational projects, and its professional team in the East Midlands will also include architects Benoy, regeneration consultant Urban Delivery and placemaking experts MurrayTwohig.
Announcing the appointment, Richard Carr, Managing Director of EM DevCo, said,
“Our three sites represent one of the biggest and most ambitious development opportunities in the UK’s regions, and we expect them to have an impact at macro-economic level.
“Our ambitions run deep into the quality and nature of the development we’re looking to enable, and bringing on board a partner of Areli’s calibre is a mark of how high we’re aiming.”
The East Midland Freeport is key to the LLEP’s regional and partner strategiesYou can read the full East Midlands Engine article here