Exciting times ahead are announced as we prepare to develop the St John’s Road site.
The development is through the newly established, council wholly-owned, development company Qualis Commercial Ltd (part of Qualis Group).
Hoarding has been installed at the site to mark a key milestone in the much-anticipated development of a new leisure centre, cinema, food, retail and public space, along with much needed quality housing.
Council Leader Chris Whitbread commented:
I am delighted to announce the impending transfer of the St John’s site to Qualis. We are moving into a new and exciting phase that will eventually see the whole of Epping benefit.
The St John’s site is part of a larger project including residential redevelopment of the old leisure centre in Hemnall Street, and what is currently the Condor building of the current Civic Offices at the other end of the High Street. It will totally rejuvenate Epping.
Our council is changing to meet the needs of the future. Overall, we are looking at a gross investment of around £100m in the next 5 years, delivering a minimum net 3% return to the council across the portfolio. This is a brand new and dynamic approach to redeveloping council owned land which will bring a fantastic new vibrancy to the area. Residents will benefit with new quality amenities and ongoing income will be provided to support council services for generations to come.
Chris Whitbread added:
We are a public service. It’s our duty to provide the best services we can to our residents, but we can learn a lot from the private sector. We are becoming smarter and more efficient in all we do. The development of commercial opportunities by the council will make us the envy of neighbouring areas as we become ever more financially independent.
This is the start of a fantastic new era at Epping Forest District Council.