Roger Wade, founder and CEO of pop-up street food and events company Boxpark had submitted plans to invest £10 million to restore the pier to its former glory as a major events venue, HIP can reveal.
The bid was the only one which had the full backing of Hastings Borough Council and involved further renovation, the creation of a food and drink retail area and plans to build a major events area.
However, administrators Smith and Williamson told Mr. Wade – whose bid was submitted by the stated deadline and whose company is involved in large regeneration projects in Croydon, Shoreditch and Wembley – they would not give him a six week period to do proper due diligence.
[Remember, the Administration period actually finished in December 2018, before the asministrators drew it to an end by disposing of the pier.)
The company had already carried out extensive consultation with HBC and had been in touch with rival community bidders Friends of Hastings Pier to gain their backing, should their bid be successful.
But despite having plans to spend £100,000 on carrying out further consultation regarding planning, licensing, structural surveys and community consultation, administrators told Mr. Wade they just wanted bids that were subject to no due diligence.
But despite having plans to spend £100,000 on carrying out further consultation regarding planning, licensing, structural surveys and community consultation, administrators told Mr. Wade they just wanted bids that were subject to no due diligence.
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