Deal done on paper mill site

Kentish Gazette Canterbury & District - East Kent Property - - Front Page -

Akey stage in the re­gen­er­a­tion of Sittingbourne has been reached with the sale of the for­mer M-real paper mill site. The town cen­tre site, which cov­ers more than 14 acres, is set to be re­de­vel­oped. It has been stand­ing empty since early 2007. London prop­erty com­pany Es­sen­tial Land has bought the brown­field site in a deal bro­kered by prop­erty agents Strutt & Parker and le­gal ex­perts Ver­tex Law. Jeremy Li­cence of Ver­tex Law said: “The suc­cess­ful rede­vel­op­ment of Sittingbourne Mill is cru­cial for the re­gen­er­a­tion of Sittingbourne and its in­fra­struc­ture. “As with many brown­field sites Sittingbourne Mill has a long and com­pli­cated his­tory so there was a lot of in­for­ma­tion to amass be­fore the deal went through. “There were also a num­ber of linked trans­ac­tions that had to be man­aged in par­al­lel. Now that the deal is done, though, I hope that the new own­ers will be able to pro­ceed quickly with a plan­ning ap­pli­ca­tion to Swale Bor­ough Coun­cil.”

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