Weston Homes has purchased the Grade II listed Cambridge Military Hospital in Aldershot, a 12-acre collection of Victorian and Edwardian buildings. The site will be converted to deliver a €69.5m (£60m) (GDV) residential conversion project as part of the Aldershot Urban Extension scheme, being delivered by Grainger plc.
The site will provide 140 new private sale homes, converted and new build, including one, two and three-bedroom apartments and two, three and four-bedroom houses set in landscaped grounds. Weston Homes plan to start the restoration and conversion of the Victorian hospital and ancillary buildings in the summer of 2019, with the project anticipated to be phased over several years. With a commuter train time of just 43 minutes into London Waterloo, Weston Homes forecast that the homes will appeal to a combination of local Aldershot residents and London and Basingstoke business commuters.
Bob Weston, Chairman & Chief Executive of Weston Homes, said: “Weston Homes is pleased to be working alongside Grainger plc to reinvigorate the iconic Victorian and Edwardian military buildings of the Cambridge Military Hospital and transform them into a new residential address for Aldershot that local people will be proud to call home. With our proven historic building restoration expertise, Weston Homes will bring a new lease of life to these heritage buildings which are of national importance due to their military history, we will transform them into modern homes layered with the rich history and unique character of this historic site.”
Helen Gordon, Chief Executive of Grainger commented: “We are delighted to have secured Weston Homes for this important heritage site and look forward to working with them to deliver 140 new homes within the historic buildings of the Cambridge Military Hospital. Weston Homes has proven restoration and conversion skills which will be essential for ensuring the preservation of the period buildings. This partnership underlines Grainger’s commitment to the wider Wellesley development and reinforces our role as a leading partner for major residential regeneration projects.”
Robert Stone, Head of Estates, Defence Infrastructure Organisation said: “We are pleased with this acquisition by Weston Homes, which secures the future of these important historic military buildings. The iconic Cambridge Military Hospital, a local and national icon steeped in history, is a key cornerstone of our strategy for the Wellesley development, and we are therefore delighted to see these buildings being brought back into use as new homes for the local community.”