Multi Development UK Ltd, developers of the £350 million SouthGate scheme in Bath today announced that they have successfully handed over the car park deck they have built at Avon Street Car Park to Bath & North East Somerset Council. The new car park deck was built above the surface area of the existing surface car park at Avon Street to create parking spaces to replace those lost as a result of building the temporary bus station. Building a temporary bus station at Avon Street will allow SouthGate to be fully open one year ahead of schedule by the end of 2010.
Vic Michel, Multi Development’s Technical Director commented on the hand over: “Today’s hand over success is an early indication of our commitment to deliver SouthGate within the time frame we have set. The car park is fully functional and the Council is pleased with the swift nature of delivery as well as the standard of the works. Progress is continuing apace elsewhere on-site. Hoardings have now been installed around the old Southgate Centre to allow for its demolition next week.”
The existing bus station at Manvers Street will be relocated to Avon Street from June 2007 until the work on the new bus station is finished. Over £13 million is being invested in Bath’s new bus station and when complete in 2009 will provide brand new bus facilities, with enhanced disabled facilities and improvements to the surrounding public realm.
Multi Development in joint venture with Morley is working with Bath & North East Somerset Council on developing the SouthGate regeneration scheme in Bath’s city centre. SouthGate will deliver 58 new shops, including a Debenhams department store, new restaurants and cafés, 93 new apartments and a two level basement car park for 724 vehicles.
Representatives from Multi Development have just returned from marketing SouthGate and Bath to an international audience at MIPIM, an annual real estate conference held in Cannes, France. The conference attracted over 25,000 participants from all over the world.
Multi Development
Multi Development is a subsidiary of Multi Corporation, a group of companies active throughout Europe in property development (Multi Development), investment (Multi Investment), asset management (Multi Asset Management) and mall management (Multi Mall Management). With Morgan Stanley Real Estate Fund as its new financial partner, Multi has strengthened its position to become an investor developer to move forward on its path to further growth.
Multi’s design and development philosophy empowers us to create innovative projects that are stimulating and captivating in character.
With over 110 developments completed in the past 25 years across 20 European countries, Multi’s projects are internationally recognized for their innovative nature, architectural quality and character and profound sensitivity to the blending of urban design. Our developments regularly act as the engine for regenerating a city or region.
Multi Development UK’s current development portfolio worth over £1bn includes Victoria Square in Belfast (open Spring 2008); Summer Row, Wolverhampton (open 2010); SouthGate, Bath (open 2010).