Developer sought for Hemel Hempstead station

Network Rail and London & Continental Railways (LCR) are advertising for a development partner to build out land around Hemel Hempstead station in Hertfordshire.The plan for Hemel Hempstead station is to build a multi-storey car park to free up the existing surface level car park for development.The site, which covers approximately 7.4 acres, also includes neighbouring land that is in commercial use, including a former car showroom site, industrial buildings and small retail units serving the station.The development potential of the site has been studied by architect Farrells, which has worked through a design process including technical, transport, planning and community consultations. The indicative masterplan shows 454 residential apartments in a series of low-rise apartment blocks and approximately 40,000 sq ft of commercial floor space, as well as a new multi-storey car park.The estimated total value has been set at £170m, based on an assumption of the gross development value of the Farrells masterplan plus the cost of building the multi-storey car park, access road and enabling works.The duration of the contract has been estimated at 120 months.Hemel Hempstead is 24 miles to the north west of central London – prime commuter belt. The station and its surroundings are identified as a key development site in the Two Waters Masterplan Guidance, which was adopted as a planning statement by Dacorum Borough Council in April 2018.Further information on the procurement process and timeline is available at delta-esourcing.com