Hull City Council has appointed ECF as its lead development partner for the East Bank Urban Village regeneration project.
The council intends to enter into a 15-year development agreement with ECF, which is a joint venture partnership between Muse, Legal & General and Homes England, for the master planning, development and construction of the site, which will feature a mix of uses, including 850 new homes.
Located to the east of the River Hull, opposite the old town, the project will transform a forgotten part of the city into a vibrant and exciting contemporary urban village.
The council’s cabinet will soon consider undertaking the acquisition of several third-party ownerships crucial to the development of East Bank along with essential site enabling works in close collaboration with ECF.
Paul Drake-Davis, the council’s portfolio holder for regeneration and housing, said: “I am delighted to see this developer partner agreement with ECF progress. East Bank Urban Village will be one of Hull’s largest ever regeneration projects and begins the transformation of a long-term derelict site just a stone’s throw away from the city centre. This new neighbourhood of up to 850 homes will act as a catalyst for further urban renewal within Hull and help increase investor confidence in the city with all the economic benefits that will arise.”
Sir Michael Lyons, chair at ECF, added: “East Bank Urban Village is an ambitious plan to deliver a dynamic and vibrant new neighbourhood. As development partner, we will work together with Hull City Council to develop and accelerate the vision. By bringing our collective skills and experience, ECF will support Hull City Council address regional priorities – whether through homes, jobs, or economic growth. We’ll work closely with communities as we progress to ensure the benefits of regeneration are felt at every level.”
