Strategic Property Interventions
Sometimes though, projects can hit a bump in the road. It might be a site with the wrong planning permission, or a building that has no final occupant, or it might be a shortfall in capital. Usually these problems occur because of market failures and specialised help is needed to get them back on track.
This is where Britain’s Energy Coast steps in. When we start working on a property project we get the right team in place to intervene and hunt down the missing jigsaw pieces. We also work with partners such as local authorities and Local Enterprise Partnerships to ensure long term success.
One such example of BEC strategic property intervention in action is our work at the Northern Quarter at Whitehaven Harbour.
Whitehaven Harbour has huge potential to be the talking point of this Georgian seaside town. However, a key piece of seafront land – the site of the old bus station – had been passed from owner to owner with no hope of being regenerated due to lack of an economically viable strategy and missing planning consents.
BEC took on the land to pump-prime it for development and investment, creating a connected harbourside development that is profitable, and that the town can be proud of. During the development of the land BEC will operate a car park at the Northern Quarter to ease parking congestion in the town and bring in commercial revenue to improve the overall economic viability of the project.