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15 September 2006
Countryside Properties and joint venture partner Land Securities have received detailed planning permission from Gravesham Borough Council for the first phase of Springhead Park at Ebbsfleet Valley in the Thames Gateway.
Marking the beginning of the residential development at Ebbsfleet Valley, this first collection of homes comprises a mixture of 388 contemporary style one and two bedroom apartments and two, three and four bedroom homes.
In total, Springhead Park will provide over 600 homes with a large one hectare park, community centre, place of worship, a doctor's surgery and primary school. 25% of the homes will be available through housing associations as affordable homes.
Tony Travers, Subsidiary Managing Director of Countryside Properties, says: "We are delighted that planning permission has been granted for the first phase of Springhead Park. This is an important part of the new development in Kent Thameside and will create high quality homes and facilities. We are looking forward to beginning work on this new community in January."
Springhead Park is located just a five minute walk from the new International and Domestic station, Ebbsfleet International, which is scheduled to receive Eurostar trains by autumn next year. Domestic services are due to begin during 2009 and this will bring Central London within a 17 minute journey time.
Steve Atkins, Development Manager for Land Securities, says: "This first phase of Ebbsfleet Valley is an important milestone in the regeneration of the area. We are delighted to have received planning permission so that we are now able to begin work."
With work beginning on site in January 2007, it is anticipated that the first properties at Springhead Park will be available for occupation in March 2008.
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Notes to editors:
Land Securities Group PLC
Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. It has been at the forefront of the UK's commercial property industry for over 60 years.
Today, the Group maintains its market leading position as the UK's largest quoted property company by providing commercial accommodation and property services to a wide range of occupiers. The Group's objective is to create attractive and sustainable returns for its shareholders through its activities, which include property investment, development and property outsourcing.
Land Securities holds a market leading position in three areas of the UK commercial property market:
" Retail,
" London offices and
" Property outsourcing
Its £12.9 billion combined investment portfolio totals six and a half million sq feet, including office and retail space in Central London, 30 shopping centres, 30 retail parks and 10 supermarket properties located across the UK.
It has a substantial development programme including major retail-led urban regeneration schemes and Central London mixed-use developments. The Group is also master planning one of Europe's largest regeneration schemes in Kent Thameside.
The Group leads the market in property outsourcing where, through Land Securities Trillium, it provides accommodation and property-related services to the Department for Work and Pensions, the BBC, Norwich Union, Barclays Bank, DVLA and through Telereal to BT.
The Group is committed to environmental initiatives and community involvement recognised by the Group's inclusion in the BiTC Corporate Responsibility Index, FTSE4Good Index and the Dow Jones Sustainability Index.
For more information on Land Securities visit www.landsecurities.com
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Information correct as at 29/08/2007