Operational Management Agreement

Description

The Port of Milford Haven wishes to develop Milford Waterfront into a vibrant new destination. The Quay Stores development is a project designed to restore and transform the vacant, redundant, semi-derelict Grade II listed Quay Stores, located centrally in the town, adjacent to Milford Waterfront into a multi-use purpose conference & events venue. The proposed end use is a multi-use auditorium with a stage, bar and an aspiration for 400 foldaway seats, with an adjoining small event venue. Lot 1: Milford Waterfront is a 120m GBP mixed-use development around Milford Marina in Pembrokeshire comprising 460,000 sq. ft. of residential, retail, restaurants, auditorium, hotels, office and leisure development, which will be developed in four phases around the existing 328-berth marina. Within MHPA’s vision to develop Milford Waterfront as a vibrant new destination and help regenerate Milford Haven, is a redevelopment project to restore and transform the vacant, redundant, semi-derelict Grade II listed Quay Stores, located centrally in the town, adjacent to Milford Waterfront into a multi-use purpose conference & events venue. The proposed end use is a multi-use auditorium with a stage, bar and an aspiration for 400 foldaway seats, with an adjoining small event venue. The project will deliver an anticipated 20 FTE jobs (plus 5 apprenticeships) that will be accessible to a wide cross section of the community. It is a cornerstone of the wider Milford Waterfront development which will re-energise the town, creating over 600 local jobs and deliver 15.7m GBP GVA annually, as well as creating opportunities for SME growth. This investment will make a lasting difference to the town. Quay Stores is a derelict Grade 2 listed building situated at the hub of the Milford Haven, Hakin and Hubberston communities. These are coastal communities in a rural area with limited access to the social and economic benefits associated with urban hubs – and with clear pockets of deprivation. The development will realign this important community space, creating a more cohesive relationship between the communities, the town centre and the more recent marina and retail areas – alongside the creation of economic growth. The project will deliver transformational change to both Milford Haven and Pembrokeshire. Historically Milford has not benefitted from Pembrokeshire’s tourism industry and Quay Stores will be an important step in realigning the town’s proposition as part of the wider Milford Waterfront development. The development of a year round multi-use venue will expand on Pembrokeshire’s current ability to attract business events and entertainment with appeal to both residents and visitors. This complements Pembrokeshire’s ambitions to attract new and more diverse audiences, and creates opportunities for SME development in delivering events at the venue. The operation is being delivered in a waterside town with marina access to a magnificent marine leisure destination and it will thus provide a cultural counterbalance to create a wide appeal base. Quay Stores will play an important role in developing the town’s critical mass – to provide the choice demanded by modern destinations and ensure year round appeal.