Port gets real over delivering catalyst for Dover’s regeneration

Construction, Logistics, Markets, News, Ports & Terminals — By on April 27, 2015 at 3:09 PM
Tim Waggott, Chief Executive, Port of Dover,

Tim Waggott, Chief Executive, Port of Dover,

The Port of Dover has just delivered a record year with over 2.4 million freight vehicles handling goods worth an estimated £100 billion on behalf of UK plc.

It is this success which is enabling Europe’s busiest ferry port, often described as a barometer of the UK economy, to achieve its flagship Dover Western Docks Revival (DWDR) project that will protect the long term capacity of the Port and act as a catalyst for regeneration in the famous port town of Dover.

The Port is also making rapid use of new powers recently acquired by the trust port to enter into joint ventures and other financial arrangements to deliver such major projects in a way that brings the future forward as rapidly as possible.

As further evidence of its delivery for Dover, the Port has created a new regeneration division, Dover Waterfront Limited which will ensure a strong and dedicated focus on waterfront development whilst the Port continues to deliver the commercial aims of the DWDR vision alongside the existing busy ferry, cruise, cargo and marina operations. The new company will work with partners to realise the regeneration opportunities arising from the expansion of the Western Docks.

The Port is delighted to announce that a Memorandum of Understanding has been signed with a leading real estate partner, Bride Hall, to take forward the key waterfront development opportunities. Bride Hall will bring their expertise and work closely with Dover Waterfront Limited and other partners in Dover to develop a viable scheme that is complimentary to other exciting projects in the area.

Tim Waggott, Chief Executive, Port of Dover, says: “Today’s announcement shows the continuing momentum behind DWDR and how the Port is utilising its ongoing success both for the benefit of the UK economy and for the wider regeneration of Dover.  Working together with a major real estate partner such as Bride Hall,  which has a great track record of delivering top quality developments throughout the UK, is another sign of how we are transforming a premier UK port for the benefit of the nation, the tourism economy and our community all at the same time. Our message is simple.  This is really happening and we are moving forward on turning our shared vision into reality.”

Nick Desmond, managing director of Bride Hall Real Estate Partners, says “The Port of Dover regeneration project reflects one of the most exciting opportunities in the UK to make a significant difference to a strategically important location. With our experience in delivering high quality mixed use development we share our partners vision and enthusiasm for the wider region. We will be using the existing momentum to build demand for Dover amongst key brands and operators in order to deliver an integrated solution that benefits national and local businesses, residents and visitors alike.”

Nadeem Aziz, Chief Executive, Dover District Council, says: “This is an exciting announcement for Dover and we will be working together with the Port’s new waterfront regeneration arm and Bride Hall to ensure that all of our plans for the regeneration of Dover are coherent, joined up and offer the best opportunity to make a once in several generations difference to our community and Dover as a thriving destination.”

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