Concerns over £150 million Teville Gate Worthing redevelopment, as owners deny its sale

W08512H13 WH TEVILLE GATE PIC S.G. 14.02.2013''Teville Gate Worthing
W08512H13 WH TEVILLE GATE PIC S.G. 14.02.2013''Teville Gate Worthing

MAJOR plans for redevelopment of Teville Gate were thrown in to confusion this week with a disputed decision to place it on the market.

Hanson Capital Management’s £150 million pound Worthing Gateway scheme, which includes more than two hundred properties, conference centre, hotel and Sainsbury’s supermarket was listed for commercial sale by the website of Savills in Sevenoaks.

The Herald confirmed with Savills that it was on the market and that offers were being invited on the site.

There had been no fixed price listed on the company’s website, which described it as a mixed-use development site with planning permission from Worthing Borough Council.

However, a spokesperson for the Hanson Capital Management, which has formed subsidiary company, Worthing Central Properties for the development, has subsequently stated the scheme had been placed available for sale “as an error” on the Savills website.

He said: “Any claims that the Teville Gate development site is for sale are misleading, and would present a totally inaccurate picture of the current position. Following our significant investment in the project to date, we are continuing to work hard, in a very difficult economic environment, to deliver this project on site and still have complete confidence that objective will be achieved, albeit a little later than previously planned.”

Savills was approached for further comment on the listing of the site, but declined to do so.

- For full story, see this week’s Worthing Herald