Developers are being sought to transform a derelict site in Portsmouth that will create 1,500 jobs and see the building of up to 1,600 new homes.
The Homes and Communities Agency (HCA) has announced it is seeking a development partner to build and market the first 80 new and affordable homes at its site in Tipner. Work by Portsmouth City Council includes the creation of a new motorway interchange and park-and-ride facility.
The site has undergone an extensive clean-up over the last year, which has seen the HCA invest around £3 million in preparing it for residential development.
This work has been carried out by specialist construction company the Tamdown Group, who have worked closely with local residents to keep them informed about progress on the site over the last year.
Kevin Bourner, HCA head of area, said: “This first phase of development marks an incredibly important step for a project which stands to make a hugely positive contribution to the local community and wider economy over the long-term.
“It will set the standard and tone of the rest of the development and demonstrates to those who have backed the project for so long that progress is being made. This is a complex project, which has required a great deal of work to get to this stage.
“I am confident that prospective partners will see what a fantastic opportunity this represents to be part of an exciting scheme that has the potential to regenerate the area for future generations.”
Kathy Wadsworth, director of regeneration at Portsmouth City Council, added: “Tipner will be an important new residential and employment area at the gateway to the city, with major new transport infrastructure and waterside developments.
“It is a major part of our plan to bring £1 billion worth of investment into the city. The new motorway junction will enable more development in the area, and the park-and-ride will cater for visitors to our new-look city centre, which is being planned now.”
The London Borough of Hammersmith and Fulham has today granted planning permission to Capital and Counties Properties to develop a new urban district including 7,500 new homes across four residential districts.
The Council have estimated that more than £1 billion worth of community benefits will be generated in the local area, creating 9,500 permanent jobs. It will also include 760 replacement council homes.
The scheme will also include the building of 1,500 affordable homes, offices, educational, cultural and community facilities as well as a new five acre green park.
Residents living on the estates would be offered the chance to build new skills in preparation for the thousands of employment opportunities which will be created.
Leader of Hammersmith and Fulham Council, Cllr Nicholas Botterill, said: “This major regeneration could lead the way in lifting the country out of recession – ploughing hundreds of millions of pounds worth of investment into London’s economy and bringing thousands of new homes and jobs.
Ian Hawksworth, Chief Executive of Capco welcomed the Council’s decision to grant a planning consent for the Earls Court Masterplan which work is expected to start next year.
He said: “The proposed scheme will offer a multi-billion pound investment in both London and the local community creating thousands of new homes and jobs.”