Rescue of Admiral’s Quay Development?

What Ocean Village was meant to look like

THE boss of the Carphone Warehouse has ridden to the rescue of an abandoned flagship development in Southampton.

Barratt Homes has sold its waterfront Admiral’s Quay site to Southampton based Allied Developments.

Just three of a planned row of five blocks of flats and two of up to ten restaurants and bars have been built at the Ocean Village development.

Barratt, which took over the development from housebuilder Wilson Bowden, announced last summer it planned to revive the scheme after failing to find a buyer for the £7m plot.

The firm boasted it would be the “single most attractive and stylish waterfront development in England and “a Mecca for international glamour and relaxed Riviera-style living.”

But it has now sold up to Allied, a property developing company controlled by Charles Dunstone, the founder and chairman of Carphone Warehouse and Talk Talk.

Peter Morton, managing director of Allied, said: “While the housing market remains challenging we believe we can work with Southampton City Council to bring forward this development in the near future.”

via Carphone Warehouse boss rides to the rescue of waterfront development (From This is Hampshire). – Matt Smith