Following the closure of the Naval Dockyard in Chatham, north Kent, BBP Directors were appointed to provide a full range of development management services including strategic development/ masterplanning, financial appraisal and management, marketing, project management, estate management. The main part of the former dockyards is now known as Chatham Maritime, and is regularly cited as a best practise example of urban regeneration.
This project involved the reclamation and development of 141 ha (350 acres) of former dockyards, with an extensive frontage to the River Medway and featuring listed former dry docks and many other historic structures. The plans included new housing, commercial space, a new University campus and a range of retail and leisure uses including a new marina. We worked with the Council to develop planning policy and we prepared development briefs which were marketed nationally and internationally. Major on and off site infrastructure works were secured including a new £180 million access to the A2/M2 significantly improving the area’s accessibility. BBP led the process f setting up a number of public/private joint ventures and promoting the development of a new residential community of 1700 homes and 74,300 m² (800,000 ft²) offices, which now provide over 2000 jobs, the new Medway Campus for the Universities of Greenwich and Kent and a factory outlet centre, marina, cinemas, a range of pubs, and other visitor attractions.
BBP created and implemented a ground-breaking exit strategy involving a Charitable Trust, which was vested with a dowry for ongoing maintenance. This recognised that it was not possible to pass on to occupiers and tenants all of the future costs of maintaining a range of special structures (river walls, locks and basin edges), and that the local authority was not willing to adopt these features. Through a dowry and a hierarchy of management companies generating income through rent and service charges the Trust was established to provide long term ownership and high quality management of the area.