EFFORTS to redevelop a premier seafront site in Bournemouth, which currently houses a games room, have resumed.
Savills began their search to find a partner to deliver a “new and dynamic hospitality-based destination business” at the Happyland site near Bournemouth Pier.
The commercial real estate advisor said he had already held meetings with restaurateurs and hoteliers and that there was “strong interest” in the site.
The situation with the arcade building had calmed down since the fall of 2019, when the BCP board reached a legal agreement with the owners Meyrick Estate.
Savills said that after careful consideration and market surveillance during the pandemic and while waiting for the opportune moment to continue the process started before Covid, the team are now continuing the expressions of interest sought in early 2022 on behalf of Meyrick Estate and BCP Council.
Kevin Marsh, Savills Licensed Leisure Manager at Savills, said: âThe Meyrick Estate is looking to develop and revitalize the Happyland site in partnership with BCP Council to provide a high quality, world-class destination all year round for Bournemouth and its seafront, offering a selection of tourism and leisure facilities for visitors and residents.
âBefore Covid, we organized a series of meetings with restaurateurs and hoteliers who showed a strong interest in the site.
âWith such a positive sentiment in the UK hotel industry, especially in places such as Bournemouth, we believe the time has come to bring the property to market. ”
Richard Norgrove, Real Estate Manager at Meyrick Estate, said: âThe Meyrick Estate is looking to create a destination and revitalize this site in partnership with BCP Council to deliver an ambitious destination.
âContinuing the process we started before Covid, we look forward to engaging with the market through Savills. ”
In September 2019, when the site was last discussed in detail at a council meeting, the local authority’s portfolio holder for regeneration, Cllr Mark Howell, said âa hotel is being considered as the most likely option â.
Since then, Tory advisers have taken control of the council and have identified Happyland as part of its “coastal bow” ambitions.
Cllr Philip Broadhead, BCP Council for Development, Growth and Regeneration portfolio holder, said: responsibilities.
âShowcasing the Happyland arcade site will be part of the thrilling destination experience for visitors to Bournemouth, stretching along the coastal arc that runs from BIC in the west to Westover Road in the west. ‘is.
âA revitalized, world-class development in this prime oceanfront location offers us, along with our partner, the opportunity to ensure that these interconnected sites share the same vision and something that we can proudly present to the world. ”