Property deal paves the way for hundreds of Stockton homes

Banks Property has agreed a deal with a nationwide housebuilder, enabling a residential scheme on the banks of the River Tees in Stockton to progress.Keepmoat Homes wants to build up to 257 properties on a previously developed 16.8-acre site at Bowesfield Park.North East-based Banks Property remediated the Bowesfield Park site, with the new scheme earmarked for land located near Cygnet Drive and Kingfisher Way.The development will include a number of property types, as well as 79 affordable homes.As part of the project, environmental improvements will be brought forward, including the creation of footpaths and the planting of hedgerows, shrubs and trees.A planning application has been lodged to Stockton-on-Tees Borough Council and is expected to come before the council’s planning committee later this year.The wider Bowesfield Park site includes a wildlife conservation area, as well as 250 existing homes and commercial occupants such as Handelsbanken, Lexus Teesside, Audi and Stoneacre Teesside.Ian Worgan, regional managing director at Keepmoat North East, said: “We’re thrilled to be working in partnership with Banks Property todeliver much needed affordable homes for local residents on Teesside.”At Keepmoat, we’re committed to providing properties in partnership with key housing associations to boost affordable housing supply.”Bowesfield Park is also an example of how we’re committed to creating sustainable communities of the future, with all of the homes set to include PV panels and EV charging points.”John Ruddick, principal development manager at Banks Property, added: “Bowesfield Park’s proximity to locations such as Stockton, Darlington, Thornaby and Middlesbrough and the massive appeal of its highly valued nature reserve all combine to make it a great place for people to live, work and spend their time.”Keepmoat’s high-quality proposals will form the final piece of the Bowesfield Park site and we’re excited to be working with them on the completion of a truly unique development that’s brought so much to the area.”Having begun work on remediating this brownfield site more than two decades ago and having driven its long-term transformation, we’re proud of the valuable community, commercial and environmental asset that Bowesfield Park has become.”