One of the largest regeneration schemes in Europe has reached a major milestone with the creation of a limited liability partnership.
The new Bristol Temple Quarter limited liability partnership will be looking for a partner in the coming months to redevelop 130 hectares of brownfield land in two connected phases over the next 25 years.
Bristol City Council chief executive Stephen Peacock said: “This is yet another major milestone for Temple Quarter as we aim to deliver 10,000 new homes and thousands of new jobs for the city-region, alongside the sustainable infrastructure and community spaces 21st-century cities need to thrive.”
The partnership comprises the city council, Homes England, Network Rail and the West of England mayoral combined authority.
“Creating a bespoke delivery company will speed up delivery of the first phase around Temple Meads station, helping us to bring forward coordinated development at speed while retaining the democratic oversight to ensure what we are creating remains firmly in the public interest,” said Mr Peacock.
The partnership will be democratically accountable, with representatives from Bristol city council and the West of England mayoral combined authority. It will continue to engage Bristol’s communities on proposals, as well as develop detailed plans for social value for residents and businesses in Bristol.
Land available to develop will be brought together
They have agreed to pool their land for phase one of the development around Bristol Temple Meads station to transform the area comprehensively rather than on a plot-by-plot basis.
The first phase has already won £94.7m of government funding and involves building 2,500 homes creating an estimated 2,000 or more new jobs.
Construction of a new entrance to Bristol Temple Meads station is already underway, alongside works at Temple Island, Silverthorne Lane, and the University of Bristol’s Enterprise Campus on Cattle Market Road.
Bristol mayor Marvin Rees, said: “The partnership has brought forward a realistic, integrated vision to create a thriving new area of the city that will be key to Bristol’s and the city region’s journey to becoming an inclusive and sustainable economy.”
Master planners Prior and Partners have assembled a team of specialists including AHMM, Arup, Spacehub and Bristol-based Nudge Studio.
Nudge, founded by architect Shankari Raj, will set up a task force to ensure genuine social value including employment and education opportunities happen. The Place Bureau has been appointed to ensure the area becomes a place where people want to live and work.
Bristol is one of the UK’s 11 ‘core cities’ and has a strong economy with particular emphasis on aerospace, defence, media, information technology and financial services.
Brokers Hank Zarihs Associates said commercial development finance lenders would be eager to support new building schemes in the Temple Quarter.
