North Street, Lower Horsebridge, Joint Venture
Stonewater Limited · United Kingdom
Key facts
- Estimated value
- £35,125,000
- Closing date
- 30 Dec 2022
- Contract starts
- 01 May 2023
- Contract ends
- 01 Nov 2027
- Procedure
- Negotiated procedure
- Buyer type
- Housing
Description
Lower Horsebridge is a large greenfield site located in the village of Lower Horsebridge in the Wealden District. It lies one mile north-west of the town of Hailsham, eight miles north of the major town of Eastbourne, and 47 miles south of London. The site has the benefit of an outline planning consent for 130 dwellings WD/2019/1575/MAO. The permission sets out the following provision: â¢35% affordable housing; â¢5% serviced plots for custom and self-build units; â¢60 % open market housing. The site also has extant consents for 32 and 110 dwellings. The relevant planning permissions are: WD/2016/1948/MAO - outline consent for 110 dwellings WD/2017/1971/MAJ - full consent for 32 dwellings. Stonewater acquired the site on the basis of delivering all the homes for affordable housing. This is now not possible so Stonewater is looking to partner with a suitable quality housebuilder to act as lead Joint Venture (JV) partner to develop the site on a corporate JV basis.
Categories (CPV)
- 45000000 Construction work
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