Chesterfield Waterside regeneration project gets boost

Chesterfield Borough Council has announced construction work is due to start next month on a seven-story office building, which is part of the £340m Chesterfield Waterside regeneration project.

The news comes after the local authority secured a forward funding agreement with the developer, Chesterfield Waterside Ltd, as a key strategic investment opportunity for the town.

The investment is designed to kick-start the town’s economic recovery from Covid-19 and will spearhead major developments around the train station as part of the council’s HS2 Station Masterplan.

Tenants have already been secured for some of the Grade A office accommodation, enabling the developers to bring forward construction of the circa 35,000ft² building, which is being overseen by project delivery partner, Bolsterstone Group Plc.

The new office building, known as No.1 Waterside Place, will provide office accommodation of the highest specification.

It represents the first step in delivering the commercial element of Chesterfield Waterside’s Basin Square neighbourhood.

‘We’re delighted to be bringing forward this state-of-the-art office building with Chesterfield Waterside Ltd, which will deliver supply chain opportunities for local companies during the construction phase and new jobs for local people with the companies that will be taking space at No.1 Waterside Place,’ said council leader, Cllr Tricia Gilby.

‘These are uncertain times, but we must not stand still. We must continue to invest in this and other growth projects if we are to meet the council’s objectives of making Chesterfield a thriving borough and improve the quality of people’s lives. No.1 Waterside Place is just the start of what we believe will be a very special journey for the people of this great town and borough.’

Construction of the offices is expected to be completed in August 2021. Britcon (UK) Ltd, a leading civil engineering company, has been appointed as the main contractor to construct the office building.

As part of the contract with Chesterfield Borough Council, Britcon will utilise local labour and local contractors across the whole build process and will also be working closely with Chesterfield College to provide opportunities for their students.

Photo Credit – Supplied