Camper & Nicholson Marinas has been chose to lead the development of a new marina on the Isle of Wight
A new 400-beth marina development in East Cowes is expected to generate an extra 250 jobs.
Camper & Nicholsons Marinas has been chosen to lead the development of the new Victoria Marina at East Cowes on the Isle of Wight, with work due to start next autumn.
The company was selected by site owner, the Home and Communities Agency (HCA), to work as part of a consortium and lead the development of the new marina.
Proposed plans aim to see the 2.6 hectare site also include a boutique hotel, as well as a wide range of residential, commercial and leisure amenities.
HCA senior development manager Paul Flatt said: “The proposals for a new marina are bold and ambitious and we need a development partner who shares this vision and has a track record of success.”
“Camper & Nicholsons’ name has a strong historic connection to the Solent area.
“This is an exciting opportunity to apply their (Camper & Nicholsons) extensive international experience in marina development and operation in the UK, on one of the remaining key elements in the regeneration of East Cowes.”
Subject to contracts, Camper & Nicholsons will work with Westcourt Real Estate to redevelop the marina and bring forward detailed proposals for other key buildings on the site early next year.
Isle of Wight Council leader Councillor Ian Stephens, said: “This announcement is excellent news for a project which is brining major economic, employment and other benefits to East Cowes and the island as a whole.
“This project will continue with the aims and objectives of the Isle of Wight Council in bringing economic growth and employment to the island and also reflecting our traditional yachting and leisure industry.”