Planning application lined up for submission later in the year
Eutopia Homes has acquired a former school property in Medway, Kent which it plans to convert for residential use.
The 5.8-acre brownfield site was recently vacated by St. John Fisher Catholic Comprehensive school supervised by the Roman Catholic Archdiocese of Southwark. Eutopia is planning to build a new housing and apartment complex on the site, which is 29 miles southeast of Central London.
The Medway acquisition marks the sixth transaction under Eutopia’s joint venture with Chenavari Investment Managers. The partnership has already secured permission to build 1,800 homes on plots located in Birmingham, Exeter, Greater Manchester, and Gloucester.
According to Eutopia, the project presents an opportunity to respond to the soaring housing demand in Medway Towns, which has a population of 280,000. Those areas are also currently the largest regeneration zone in the Thames Gateway.
Eutopia has appointed Darling Associates Architects to provide the design for the residential scheme. It aims to submit the planning application for approval later in the year.
“We are delighted to have closed out this purchase in a challenging market and are excited to be working up proposals for this highly sustainable urban brownfield site,” said Scott Hammond, CEO of Eutopia Homes.
Last February, Eutopia obtained planning approval for a 315-unit residential development that will rise on a former Network Rail site in Gloucester city centre.
