Chelmsford City Racecourse
| Location: | Chelmsford, Essex |
| Size: | 100 Acres |
| Status: | Leased |
| Potential GDV: | £50,000,000 |
Chelmsford City Racecourse represents a landmark acquisition and development opportunity within MHE's expanding portfolio. This 150-acre site, acquired in 2024, is strategically positioned to become an international events destination while maintaining its status as one of Britain's premier racing venues.
The racecourse's location offers exceptional connectivity, situated within easy reach of London, Stansted Airport, and Newmarket. Already serving a catchment of 8 million residents within a short travel time, the site benefits from excellent transport links and infrastructure that support its ambitious expansion plans.
The development encompasses four major components that will transform the venue: a £100m+ multipurpose landmark CityView building with an integrated casino (subject to licence), the UK's first floodlit turf track, the Fairwood Park Hotel & Spa development, and state-of-the-art training facilities. The CityView project, designed by globally renowned architects HOK, will deliver 250,000 sq ft of world-class facilities, including a 2,500-seat theatre, establishing the venue as the region's premier entertainment destination.
MHE's active development approach focuses on optimising the site's potential through strategic planning, infrastructure improvements, and operational enhancement. This development represents a continuation of MHE's long-standing relationship with the racecourse, having previously leased land for the racing stables, and demonstrates the company's commitment to creating sustainable, community-focused destinations that deliver long-term value.
Development Highlights:
Planning permission secured for major expansion projects
150-acre site with significant development potential
Unique dual-surface racing capability following turf track installation
Mixed-use leisure destination incorporating racing, entertainment, and hospitality
Capacity for 30,000 visitors with extensive parking facilities
State-of-the-art training centre with 400 stables and accommodation
Direct connection to Chelmsford's planned Garden Community
Established partnerships with leading global entertainment and racing organisations
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