The Elite Ayrshire Business Circle

The Elite Ayrshire Business Circle

Thursday, 13 March 2008

Major multi-million pound development
will lead transformation of Irvine

IRVINE BAY Regeneration Company has announced Urban Splash, one of the UK’s leading developers, as its preferred partner to deliver a £70 million development which is set to lead the regeneration of Irvine on the west coast of Scotland.

[Picture shows: artist's impression of the new development]

The announcement was made at MIPIM, the international property expo in Cannes, France, as part of Scotland’s showcase of investment opportunities for property development.

[Picture shows an aerial view of Irvine and the site of the new development project.]

The development is on an 11 acre site at the harbourside of the former Scottish New Town. A new community is planned consisting of some 300 homes, many affordable for first time buyers, shops, leisure facilities and commercial workspaces.

[Picture shows: Irvine beach.]

Minister for Communities and Sport Stewart Maxwell said: “I would like to congratulate Irvine Bay Regeneration Company and Urban Splash on this announcement, and I very much look forward to seeing the ambitious plans for Irvine’s harbourside becoming a reality.

“The Scottish Government is absolutely committed to regeneration in our most disadvantaged communities, which is why we have supported the urban regeneration company from the outset. We will continue to work closely with all the partners to bring about positive and lasting improvements for the people of the five towns at the heart of Irvine Bay Regeneration Company’s efforts.”

Irvine Bay chief executive Patrick Wiggins said: “We are delighted that Urban Splash, one of the UK’s leading regeneration companies have become our preferred development partner on this ground-breaking project.

“Urban Splash brings a proven record for delivering projects of a high standard of quality of design and construction combined with environmental efficiency and sustainability.”

Urban Splash chairman Tom Bloxham said: “Urban Splash is very excited to have been selected as Irvine Bay’s development partners for the delivery of Irvine Harbourside. We think the site has amazing potential given its location on the harbourside, the views out to the island of Arran and the beaches running north and south from the tip of the site.

“We think by focussing on quality architecture, creating a strong sense of place and by working in partnership with Irvine Bay and North Ayrshire Council, we can deliver a mixed-use scheme that will help transform Irvine into a great place where people will want to live and work.

“Being our first site in Scotland, the development is very special for us, and hopefully it will be the start of a very long-term and successful business for Urban Splash in Scotland.”

It is expected that the development will create some 100 construction jobs and on completion around 160 permanent and part-time jobs.

This project is the first major development to be brought to the area by Irvine Bay Regeneration Company, just over a year since it was established.

The Company, one of six URCs set up by the Scottish Government, has an ambitious ten-year plan to breathe new life into the Ayrshire coastal towns of Irvine, Ardrossan, Saltcoats, Stevenston and the Abbey town of Kilwinning.

All five towns lie just 30 minutes drive from Glasgow, and fringe 14 miles of the stunning west coast of Scotland. All towns have railway stations and lie just 30 minutes from Glasgow and 15 minutes from Prestwick airports. Ardrossan is the ferry port to the island of Arran and other west coast islands.

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