Chatham Town Centre Regeneration

Partner

Overview

A critical strategic intervention to redevelop the heart of the Pentagon Shopping Centre. The town centre's bus station was located at the first floor of the Centre until 2013. Although the relocation of the bus station improved access to the town centre, it left a large void space on the centre's first floor, which has reduced footfall and affected retailers.

 

The critical aspects of the first floor's regeneration are introducing a new health facility alongside a hub for fostering local businesses. Both initiatives require public funding, which has presented a key challenge in procurement and programme.

 

Our role:

• Development Management 

• Financial Reporting 

• R&A 

• Public Funding Submission Support 

• Public and Private Sector Occupier Negotiations

• Working as part of the regeneration consultancy  team 

• Asset Management 

• Vacant Possession Strategy 

• Key tenant liaison 

• Joint Leasing Agent 

• Stakeholder advocacy and engagement 

Uses:

• Health

• Community 

• Office 

• F&B 

• Retail 

• Leisure 

Commitments to deliver:

• 42,775 sq. ft healthy living centre with integrated General Practices and community services. 


• 16,000 sq ft innovation hub providing co-working facilities to local businesses. 


• Repositioning key retailer into 11,437 sq ft of vacant ground floor space. 

Key Milestones:

• Successful Future High Street Funding bid. 


• Appointment as development manager to provide capacity and support to Medway Council. 


• The reposition strategy is in process with key occupiers.  The projects have commenced with the Innovation Hub targeted to be ready late 2024 and              the health centre by mid 2025. 


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