Henley Investment Management and Chartway Partnerships Group have agreed a deal to deliver a housing development with a GDV of approximately £80m in Alkerden Village, Whitecliffe, Ebbsfleet.
The partners will deliver 162 homes offering a mix of private for sale, affordable and purpose-built rental properties on a 7.5-acre site, which already has outline planning permission. The target final completion date for the development is 2027.
Justin Meissel, chief investment officer and managing director Europe at Henley, said: “Ebbsfleet continues to thrive as a location with significant demand for the new homes being delivered across the garden city. The mixed tenure homes and amenities being delivered makes it an attractive proposition to both buyers and renters, accelerating delivery and contributing to the creation of a diverse community.
“Despite the difficult transactional environment, we continue to be active in the market for new opportunities, both residential and commercial, including partnership opportunities at Ebbsfleet and across our wider portfolio. Chartway are an exceptional developer, and we’re thrilled to be working together to deliver much needed housing in the garden city.”
Steven Cresswell, group CEO at Chartway Partnerships Group, added: I’m delighted we’re continuing to build on the trusted relationships we have with Henley and Henley Camland to deliver new high-quality homes for the Ebbsfleet community. Our vision is to develop new homes for everyone across all tenure types and this flagship project support our plans.
“The UK housing market conditions continue to be changeable, however as a private housebuilder and development partner to housing associations and fund managers, we are well-placed in the market to provide more homes in locations where demand outweighs supply.
“We have an ambitious year ahead of us which includes scaling up our delivery capabilities, enhancing our low-energy homes specification, launching our new ESG strategy and growing the Chartway business across South East England to develop homes for everyone.”
Peter Nelson, director of Henley Camland, said: “We are delighted to have achieved another land sale in a difficult market, enabling us to continue to invest in the infrastructure, landscape and facilities that make Whitecliffe a great place to live.
“We are pleased to see Henley and Chartway bring forward a rental option which will provide more people with the opportunity to live here. We look forward to continuing the great working relationships we have established with both companies.”
