The team behind the redevelopment of high-profile regeneration projects including Gunwharf Quays in Portsmouth and London’s Battersea Power Station has become commercial partner for the biggest development opportunity in the Midlands.
Areli Developments, founded by Rob Tincknell, will develop the commercial strategy for three massive sites being promoted by the East Midlands Development Company, a public-private partnership backed by a consortium of local authorities and government.
Areli has brought together a professional team to support a long-term programme which centres on the development of hundreds of hectares of land around East Midlands Airport, Ratcliffe-on-Soar Power Station and the Toton-Chetwynd corridor.
Each site is the size of London’s Olympic Park, and it’s hoped that they will collectively generate 84,000 jobs and add more than £4 billion to the output of the East Midlands economy in the decades ahead.
Some of the sites sit within the boundary of the proposed East Midlands Freeport, while government has also confirmed that HS2 trains will also come into the area.