6 August 2013
BROOKGATE PARTNERS WITH NETWORK RAIL AND DB SCHENKER TO DELIVER NEW FREIGHT SCHEME
Offices, Housing and retail scheme to enable new passenger station and freight interchange at “Cambridge Park, CB4”
Brookgate, the Cambridge-based mixed-use development company, has reached an agreement with rail operators Network Rail and DB Schenker Rail to become their development partner for a major mixed-use scheme at Chesterton Sidings in Cambridge
The scheme, to be known as Cambridge Park, CB4, brings together rail operators Network Rail, DB Schenker, Freightliner and Lafarge, to deliver a freight scheme which will relocate the freight siding allowing the new passenger station to come forward in 2015.
Brookgate is working closely with Cambridgeshire County Council, Cambridge City Council and South Cambridgeshire District Council in order to realise the development potential of approximately 12.93 hectares of land at the sidings site close to Cambridge Business Park and Cambridge Science Park. The scheme will regenerate a strategic brownfield site on Cambridge’s northern fringe. It will deliver the new freight interchange, which will be relocated parallel to the main line at Chesterton to allow a new passenger rail station to come forward. The scheme removes the operational conflict between the existing freight facility and the new proposed station.
Plans will also be drawn up to create a high quality mixed-use commercial and residential development on the site, which will help to fund the revised freight scheme. The scheme will include scope for offices, housing, retail and community use, along with a new transport interchange providing links to transport routes for cyclists, pedestrians and bus users.
Bidwells and Jones Lang LaSalle are advisors to the project.
Sven Töpel, Chief Executive of Brookgate said:
“We are pleased to have agreed a development partnership and we will continue working closely with all involved to deliver a new passenger station, a new freight interchange and an exciting scheme that will bring significant regeneration benefits to Cambridge. We are committed to the success of Cambridge as a globally-competitive city and Cambridge Park, CB4 will give a huge boost to the local economy, kick starting development, creating new jobs and housing and enabling investment.”
Cambridge Park, CB4, will be Brookgate’s second major mixed use project in Cambridge. The CB1 masterplan, creating a new city centre quarter offering a mixture of commercial, residential and leisure facilities is well underway, with significant pre-letting deals with local and international brands already secured.
Simon Ives, Head of Property at DB Schenker said: “Cambridge Park, CB4 represents an important development opportunity for Cambridge, and a prime example of how much can be achieved when the freight and rail industries work alongside quality partners. Brookgate has the development expertise and knowledge of the local market, and we are pleased to be working together to unlock the full potential of the site.”