Mosaic Global Investments Limited have successfully completed the purchase of the Teville Gate site in Worthing (West Sussex), a development that is key to Adur and Worthing Councils’ regeneration plans for the town.
Jawad Sheikh, Chairman Mosaic Global Investments Limited adds “Teville Gate provides a fantastic opportunity for redevelopment and the ongoing regeneration of Worthing. We are committed to this project and in delivering a world class provision for business and residents. To enable this, Mosaic has appointed a large specialist team, with significant experience in urban regeneration, led by the award winning architects CZWG.
This team are confident they will be able to present a planning application to Adur and Worthing Council by the end of the year. Prior to that, we look forward to meeting with the residents of Worthing, so we can fully understand their thoughts and ambitions for this site and what they would like to see delivered. One of our first jobs will be to schedule a public consultation exercise this autumn.”
Jon Murch of Davies Murch (Acquisations agent) added “We are delighted that Mosaic Global Investments Limited have been successful in the acquisition of this important site as they have the drive, vision, determination and expertise to deliver something very special.”
Daniel Humphreys, Leader Worthing Council “I am really pleased that Teville Gate has finally been sold and we can now work closely with Mosaic Global Investments Limited to develop this site as quickly as possible. As an important gateway into the town centre, it is vital that it is redeveloped sympathetically, providing a mix of residential, leisure and commercial uses to enhance the approach into the town. The fact that Worthing has started to attract this high calibre of interest and investment is very encouraging going forward.”