Legal & General Affordable Homes (LGAH) and Peel L&P have secured planning permission from Medway Council to deliver 237 affordable homes as part of the next phase of regeneration at Chatham Waters. Plans were submitted for 237 affordable homes by LGAH and Peel L&P back in September. The mixture of shared ownership and affordable rented homes will include 1-and 2-bed apartments and 3-bed townhouses.
A further planning application for the Central Park at Chatham Waters has also been approved by Medway Council. It will provide over an acre of green space for local communities to enjoy and will include trees, planting, seating and communal play areas. Chatham Waters already comprises a number of completed residential projects, including homes for sale and rent. The 26-acre waterside destination is also home to a University Technical College, Marston’s family restaurant, Asda Superstore and extensive public open space.
To date, over €119m (£100m) has been invested at Chatham Waters. With around 750 full-time jobs created, it is estimated to contribute circa €22.6m (£19m) to the local economy each year. Work is expected to start on the new affordable homes and Central Park in Spring 2022 with an estimated two-year period for completion.
Ben Denton, L&G Affordable Homes’ Chief Executive, said: “Legal & General Affordable Homes is committed to helping tackle the UK’s urgent housing crisis. We are well-placed to invest institutional capital at scale to provide safe, secure, affordable housing where it’s needed most, whilst delivering a first-class experience for our customers. Chatham Waters is a fantastic example of our vision in action, and we are pleased to partner with Peel L&P and Medway Council to take the next step in providing local families and residents with high quality, affordable housing options.”
James Whittaker, Peel L&P’s Executive Director of Development, commented: “This is such an exciting development. Delivering affordable homes at Chatham Waters is key to Peel L&P’s vision to provide a range of mixed-tenure homes and jobs as part of the regeneration of the wider area. The new Central Park, will be a key feature in the local community for residents and non-residents to enjoy.”