The £650m Chatham Waters development is situated on a unique waterfront location, on the site of a former naval dockyard in Kent. Boasting unparalleled views across the Medway Estuary, the Peel L&P regeneration scheme is ideally located only 40-minute train journey into Central London.
Over the last five years, Peel L&P have invested over £50 million into the first few phases of development at Chatham Waters with a further £600 million investment in the pipeline. A further £80 million has also been invested on the two residential developments.
Consisting of residential, commercial, retail, leisure and education, the dynamic 26-acre destination is already home to a University Technical College, Marston’s family restaurant, Asda Superstore and extensive public realm. To date, the approximately 500 new full-time jobs have been created at Chatham Waters.
Working with Medway Council, Peel L&P have created a masterplan to ensure that the regeneration of this former brownfield site delivers a truly inspirational new destination that not only complements but enhances the surrounding area. The new development will form part of the Natural England’s Coastal Pathways scheme, opening up the waterfront of Chatham Waters for a public walkway and nature trail plus works will soon begin on further public realm for people to relax, socialise and unwind.
The scheme has the potential to deliver circa 1.9 million sq. ft. of floorspace which is similar to the scale of Peel L&P’s MediaCityUK development in Salford.