JV acquires site for residential development

A joint venture has purchased a Tunbridge Wells site occupied by two office buildings with a view for residential development.Kier Property and Housing Growth Partnership have purchased a 1.46-acre site from Axa Health.It is occupied by the vacant Phillips House and Eynsham House and is positioned on the corner of Crescent Road (A264) and Mount Pleasant Road.The Kier Property and HGP JV has a remit to provide 2,000 homes, both for sale and rent, on brownfield sites in key towns across England.Rachel Miller, investment director, HGP, said: “The JV’s site acquisition will enable us to revive this central brownfield site to deliver housing for the local community.”Strategic partnerships enable us to deploy significant capital and deliver homes at scale, working alongside trusted and experienced partners who are making a positive difference for people and communities across the country.”Leigh Thomas, group managing director at Kier Property, added: “The acquisition of this site demonstrates our appetite to purchase brownfield sites and repurpose them for residential-led mixed-use regeneration.”The proposed scheme will deliver much-needed sustainable homes designed to the highest standard and will be in keeping and set amongst Tunbridge Wells’ fascinating depth of rich heritage, history and landscape.”