"Dover District Council's impressive regeneration plans for the area, coupled with the Castle and heritage attractions, makes Dover an exciting place to be investing in. There is not another area in the country that has got so much to offer."
CGI suffered a financial blow last year when sale of the Western Heights and Farthingloe to partner company Dover Gateway Limited fell through.
CGI Chief Executive Ken Wills said: "We are bringing forward Western Heights and Great Farthingloe Farm with a masterplan we hope will be supported by all those involved including Dover district and town councils.
Consultants for the scheme were appointed at the end of April and are currently carrying out work to provide information for an environmental assessment of the sites.
The property and investment firm which owns the 25 acres of land at the Western Heights and another 275 acres at Great Farthingloe Farm, China Gateway International (CGI), is working with Dover District Council and organisations including English Heritage, the National Trust and the Western Heights Preservation Society on plans to create eco housing, a park and ride, four star hotel and conference centre, elderly care home and regeneration of the heritage sites at the Heights.
A planning application is expected to be made to Dover District Council (DDC) by the end of December this year with the aim of starting work on site by the middle of next year. It is hoped the project will create more than 800 jobs, 500 more than predicted last October.
The global downturn and the expiration of a pre let agreement caused valuation of the Manston business site by experts Drivers Jonas Deloitte to fall from million in 2008 to million in October 2010 with the possibility of a rise to million Miu Miu Eyeglasses Canada
"Our aspirations are to develop what's there, in partnership with groups including English Heritage, the WHPS and the National Trust, into something that will attract Miu Miu Glitter Sunglasses Dupe
"We will be working with particular interest in the heritage of Western Heights and want to bring part of that site back into usefulness because at the moment it is an undiscovered jewel.
"Our overall aim is to add tourism value to the area. Staycationers are now big business and we would like to play a part in Dover capitalising on this trend, especially with 14 million visitors passing through the town each year and the potential market from the cruise ships. We hope to regenerate Western Heights and Farthingloe and help place Dover as a weekend destination in its own right. We support DDC's Destination Dover ideology and will be working closely with English Heritage and the National Trust to add value to Dover's tourism offer.
The Israel Discount Bank (IDB) has agreed to extend further funding to CGI, shareholders have ploughed another into the firm and directors are taking no payments for the time being.
Masterplan for heritage site and four
In the audited results, published last month, Mr Wills says the company has decided to "concentrate on the potential value of the Dover properties which directors believe can be realised within a relatively short time frame."
He said: "Our plan is to concentrate on Dover and make this scheme deliverable.
"I would like the first draft of the plan completed within the next two months.
According to Deloitte once planning permission is granted the Dover land holdings are worth million.
on the signing of a developer's agreement with Thanet District Council, which is now in progress.
more people Miu Miu Bow Bag Light Pink to the Heights.
he is confident the Dover project will deliver.
Mr Wills says the land values have been kept low rather than reporting values that will not be "sustainable or achievable," but adds that Miu Miu Quilted Leather Shoulder Bag
The development has now become the focus of CGI after a re evaluation of land the firm owns in Thanet means it recorded a loss of million in its latest audited accounts.
"We have the full support of our main bank and principle shareholders are backing us. Delivering the Dover plan should see IDB repaid and then we will return our focus to Manston in order to re establish its value."
THE first draft of a masterplan setting out proposed development at the Western Heights and Great Farthingloe Farm is expected to be complete by the end of August.
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