The new owner of a prominent Brighton eyesore property is promising to put up a viable scheme for the site.
Anston House in Preston Road, Brighton, has been empty for nearly 20 years.
The derelict building is now owned by Investec, a specialist private bank, which took over the building after its last owner went bust.
Investec, based in London, said it had appointed a team of advisers to help it bring the site back into use.
Those advisers include Stiles Harold Williams, Blakesley Estates and Urban Splash.
Investec also promised to work closely with Brighton and Hove City Council as plans are drawn up for the 1.5 acre site opposite Preston Park.
Will Scoular, of Investec, said: “We are looking forward to working with our team, the council and local stakeholders to determine a sustainable vision for this site.
“It is in a prominent position, close to the main rail station and North Laine area, with fantastic views over Preston Park.
“We’re confident that with the right input and advice it can become a positive part of the neighbourhood again.”
Several previous attempts to regenerate the site have failed but council leader Councillor Mary Mears said: “We are delighted that Investec and their team have taken charge of this site and look forward to working with them to deliver a scheme which we can all be proud of in this area of Brighton.”
Inestec said that its team would now focus on developing initial ideas with further announcements on the site to be made next year.
