The regeneration division of the group is focused on the development for revenue and capital growth and for value realisation through specific land asset sale .
Sutton Harbour Holdings plc has established a strong track record after delivering six major regeneration schemes around the historic harbour, and a further two at other South West locations. A key feature of all these successful projects was the commendable partnership approach taken with both the public and private sector to ensure complete community engagement over new developments.
Sutton Harbour sits in the heart of the city of Plymouth, occupying a prime position on the spectacular waterfront and lying alongside the historic Barbican.
The area has undergone two major phases of regeneration in the last 25 years:
- The installation of Sutton Lock with its secure lock gates in 1992 to create a useable depth of water and maximise the full potential of the harbour
- Relocation of the fish market to the eastern side of the harbour in 1995 to create Plymouth Fisheries, now the second largest fresh fish market in England
During the second phase, high quality commercial buildings were developed overlooking the harbour and berthing facilities were improved at The Marina, further boosting the area’s appeal for business, leisure and residential use.
Sutton Harbour Holdings plc is now focused on the third phase of regeneration, and published its Vision for Sutton Harbour in July 2014 to showcase the framework for future developments.
The Vision includes indicative development visuals for 12 waterfront regeneration schemes of regional importance and national significance.
Planning consent for a cornerstone project to create a Boardwalk at Vauxhall Quay was granted in February 2015, furthering the Company’s aim to position Sutton Harbour as a destination of importance.
Former Airport Site
Sutton Harbour Holdings plc purchased the Plymouth City Airport Ltd company in 2000 and acquired a long lease of the regional airport site in Plymouth. The airport ceased flights in December 2011 after suffering unstainable losses.
The Company is currently working towards options to maximise value from the 113 acre former airport site, and developing a masterplan for the area to show potential alternative uses of the land.
Sutton Harbour Holdings plc is engaging with the local planning authority as part of the pre-application planning process. The group has previously achieved planning consent for 22 acres of surplus airport land, which was sold in tranches to a residential developer between 2009 and 2011.