£80million Waterside regeneration project announced

Leicester City Council have announced extensive plans to regenerate Leicester’s Waterside area on the banks of the River Soar. Construction of the £80million project has been awarded to Keepmoat Homes Ltd.

Keepmoat will lead the transformation of the largely derelict industrial area to build over 300 new homes with another 5,500 sqm of office space and new parks and green spaces.

A further £20million has already been awarded to Leicester and Leicester Enterprise Partnership to support this major regeneration project.

Leicester City Mayor Sir Peter Soulsby said:

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“Waterside is a tremendous opportunity for the city which will attract over £65 million of inward investment into Leicester, and of course, bring jobs to the people of the city.

We want to transform this long-neglected area of the city into a thriving neighbourhood with great places to live, space for businesses to flourish and excellent access to the city’s beautiful riverside.”

The Regional Director for Keepmoat Homes, Andrew Mason said:

“We are delighted to be selected as preferred developer to deliver Phase One of the Waterside development.

We believe this scheme offers a unique opprtunity to maximise the full potential of the waterside setting and transform the area, creating an exciting housing offer and providing a new high quality office location in the city centre.”