Mixed use town centre

Type

Size

Development / Investment

Opportunity

Aldershot Town Centre, Rushmoor

Description

Rushmoor Borough Council has an ambitious multi-million-pound regeneration programme for Aldershot town centre which seeks to create a distinctive, mixed-use centre with a high-quality housing, leisure, cultural, employment and retail offer. Over the next 5-7 years, the two key development opportunities, Union Street & The Galleries will transform the town, delivering over 700 new homes, student accommodation, flexible high-quality retail, commercial and leisure space, alongside new public spaces in the form of a Makers’ Yard and a new town square.

Union Street

The Union Street regeneration scheme will see the comprehensive redevelopment of a key area at the heart of the town centre.  Features of the scheme include flexible ground floor retail, commercial and leisure space, newly built high-quality apartments and purpose-built student accommodation for the University of the Creative Arts.

A £40 million investment being promoted by the Rushmoor Development Partnership.  The RDP brings together Rushmoor Borough Council and development partner, Hill Investment Partnership Ltd, to deliver major regeneration schemes across the borough.

Unit numbers and Commercial space:

  • 100 residential units
  • 128 units of purpose built student accommodation (PBSA)
  • 1665 sqm GIA commercial floorspace

Timescales:

  • Start on site – Autumn 2020
  • Completion – Summer 2023

The Galleries

The vacant Galleries Shopping Centre will be transformed into a high quality and comprehensive residential-led mixed use scheme.  The commercial, retail and public space is predominantly at ground floor level with new build apartments above.

The site has a footprint of approximately 18,000 square metres.

Units numbers and commercial space:

  • Approx. 600 residential apartments
  • Approx. 3,000 sqm flexible commercial space
  • Approx. 3,000 sqm new public realm

Timescales:

  • Start on site – Winter 2020
  • 5-7 year phased development

Opportunity / Type

  • Development
  • Investment
  • Occupier opportunities across residential / retail / commercial / leisure / community markets

Planning

The Rushmoor Local Plan guides the location, scale and type of future development in Rushmoor Borough up to 2032 and provides detailed development management policies to be used in determining planning application. Policy SP1.4 (The Galleries) and Policy SP1.5 (Union Street East) provide the policy context for regeneration.

The Aldershot Town Centre Prospectus SPD sets out a strategy for regeneration based on viable investment and development options to attract and support investment in Aldershot town centre.  The prospectus sets out a high-level approach to the town’s future identity while drawing out specific development and investment projects at key sites in the town.

Planning applications for each scheme are anticipated to be submitted in Spring 2020.

Landowners

Union Street – Rushmoor Borough Council

The Galleries – Shaviram Aldershot Ltd

Promoters

Union Street – Rushmoor Development Partnership (RDP)

Created in November 2018, the RDP’s aim is to support delivery of the council’s ambitious borough-wide regeneration programme, ‘Regenerating Rushmoor’, while also seeking to achieve borough-wide economic growth.

The Galleries – Shaviram Group

A London based private equity investment group established in 2013.

 

 

 

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Local authority

Rushmoor Borough Council

Business Hampshire

Andrew Lubman
Senior Regeneration and Development Officer
Hampshire County Council