Marylebone Cricket Club’s (MCC) vision to improve Lord’s for future generations of cricketers, Members and cricket fans took another step forward today as the Club announced the start of a worldwide search for a development partner.
Led by Cushman & Wakefield, MCC’s appointed real estate adviser, the search will hope to identify a company that can deliver a new premium residential development and ancillary works at the Wellington Road end of the ground. This is expected to substantially fund the Vision for Lord’s which aims to deliver an increase in capacity from 28,500 to around 37,000, a new cricket academy, Lord’s museum and library as well as shops and exhibition space. Other improvements include an increase in the playing area of the Nursery Ground so that competitive games can be played, which in turn will be served with a new pavilion, dressing rooms, bar and score box.
Cushman & Wakefield intends to shortlist prospective development partners for MCC in the summer with the final selection targeted for completion by September 2010. Subject to achieving planning permission, the aim is then to start work on site after the Olympic and Paralympic Games in 2012, when Lord’s will host the archery competition.
Robert Griffiths QC, Chairman of the MCC’s Development Committee said today:
"Our decision to seek a development partner has resulted from a strategic decision by MCC to seek expertise in residential development to ensure that we maximise the opportunity we have along the Wellington Road. The response we have had to the launch of the Vision for Lord’s has already generated considerable interest both here and overseas. The procurement process will have at its core the Club’s fundamental objective of maintaining and enhancing the reputation of Lord’s as the pre-eminent cricket ground in the world and the global ‘Home of Cricket’."
David Batts, MCC’s Vision for Lord’s Project Director also added:
"This is a major milestone in the Vision for Lord’s project that seeks to deliver significant and long-term improvements whilst securing Lord’s position as the most famous cricket ground in the world. The selection of a development partner is a once-in-a-lifetime opportunity to be involved in the future of the world’s most iconic sports ground and the game’s spiritual 'headquarters’. I am therefore confident that we will receive a very high level of interest from prospective partners."