The Chatham Waters development is proposed on 26 acres of land at Chatham Docks which is part of the Peel-owned Medway Ports (part of Peel Ports which is a division of The Peel Group). The development site is currently underutilised brownfield land and will become vacant in 2012.
The dockyard was used as a naval military facility until the dockyards were closed in 1984. The docks reopened as a commercial port operation on 1st April 1985. Nowadays, Chatham Dock handles in excess of 1 million tonnes of cargo a year and occupies one of three basins of the former naval dockyard. Medway Ports has a landlord role, operating one berth itself. The Chatham Waters development will enable further investment in dock infrastructure.
To retain the commercial port in the medium to long term requires significant investment in port infrastructure. Creating a mixed-use regeneration of the scale proposed will secure the value necessary to make that capital investment and secure the future of Chatham Docks for the next 20 years.