Deal signed to build 600 new homes in Northfleet Embankment, UK

Embankment

June 25, 2019 – Homes England and developer Keepmoat Homes have signed an agreement to deliver 598 new homes at Northfleet Embankment in the UK.

As part of the deal, Keepmoat Homes will purchase an 11.6-hectare site from Homes England for residential development. Besides 598 homes, the project will also include a new primary school, local amenities, open space and a Fastrack bus connection. Of the 598 homes, 224 housing units will be affordable.

Homes England has undertaken extensive remediation work to prepare the land for the development. The agency worked with other stakeholders Gravesham Borough Council and Ebbsfleet Development Corporation, the planning permission was granted last year.

Homes England Land executive director Stephen Kinsella said: “Getting homes built on public land is at the heart of our mission so we’re delighted to see Northfleet Embankment now start on site.

“This was a complex site and the joint efforts of partners will now be rewarded with a high-quality development to meet the housing needs of local people.”

This milestone will see the work on the new homes which has now begun and the first homes are expected to be completed by next May. The rest of the development will be completed by 2025.

As part of the deal, Keepmoat Homes has agreed to build the homes at the rate of more than 100 units per year.

Keepmoat Homes CEO Tim Beale said: “As Homes England’s largest delivery partner, we’ve worked together to deliver over 11,000 quality new homes across the country as part of consecutive Delivery Partner Panels since 2009.

“We are delighted to have completed this new deal with Homes England and are looking forward to starting on site at this transformational development in Northfleet, where we will create a thriving new community on the banks of the River Thames that is only 20 minutes from central London via Ebbsfleet International station.”

Source:-http://www.worldconstructionnetwork.com/news/deal-signed-to-build-600-new-homes-in-northfleet-embankment-uk/

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