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6 May 2005
Countryside Properties PLC has established a joint venture with Trenport Investments Limited to develop a new 30 hectare (74 acre) community at ‘East Hall Farm’ in Sittingbourne, Kent. This £150m residential scheme is adjacent to a business development that extends Trenport's Eurolink business park to the north.
Subject to planning permission, the new community will include around 800 new homes, a new neighbourhood centre, site for a community hall and a new primary school and 18 acres of public open space. 20% of the new homes will be affordable, available through housing association/s for shared ownership or rental.
It is anticipated that the neighbourhood centre will include a convenience store, a doctor’s surgery, crèche and pub. Work is programmed to start on site in late summer 2005 with completion expected in 2010. The site has outline planning permission, and Trenport is working with Countryside Properties to undertake the master planning and management of the site. Countryside Properties will carry out all the housing and associated building work, while Trenport has overall responsibility for landscape and ecological work.
Trenport has commenced development of the 11 hectare (27 acre) business and industrial park at East Hall Farm known as Eurolink III and Eurolink IV which will generate important new employment opportunities.
Alan Cherry, Chairman of Countryside Properties said, “This is our first joint venture with Trenport and we are looking forward to working with them to create this new community for Sittingbourne. As an urban extension to the town of Sittingbourne it will add further to our extensive development interests in the Thames Gateway where we have an excellent track record in delivering sustainable new communities.”
Trenport director Chris Hall said: "We are delighted to be working in partnership with Countryside Properties. They have a significant record in creating quality developments. During the years ahead we look forward to playing an important role in the future of Sittingbourne, working closely with Swale Borough Council and the local community."
East Hall Farm is situated to the north east of Sittingborne town centre and adjoins the existing settlement of Murston. Sittingbourne is well served by local trunk roads with easy access to the A2 and M2, together with a mainline rail link to London Victoria, taking approximately 50 minutes.
ENDS
Notes to Editors:
Countryside Properties PLC is a specialist development company recognised in particular for the development of sustainable communities and urban regeneration. Countryside Properties’ operations are mainly in London and the South East, the East and the North West of England. Based in Brentwood, Essex, the Company directly employs around 825 people and has regional offices in London and Warrington. The Company’s key projects include: Greenwich Millennium Village, London; St Mary’s Island, Chatham Maritime, Kent; Peckham Programme, London and Didsbury Point, Manchester.
Trenport Investments Ltd became one of Kent's largest landowners in 2001, with the acquisition of some 5,500 acres of land nationally from Lafarge Cement UK. The company has a major investment in the economic future of the county, with more than 2,500 acres of its landholdings in north east Kent. Trenport is committed to sustainable development and the regeneration of former industrial and commercial sites to relieve pressure on greenfield sites. The company has a positive policy in support of wildlife conservation and the management of Sites of Special Scientific Interest within its landholdings.
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Information correct as at 06/05/2005