Kier Property and Housing Growth Partnership (HGP) have purchased a 1.46 acre site in Tunbridge Wells from AXA Health for an undisclosed price.
The site comprises two vacant office buildings – Phillips House and Eynsham House.
Kier and HGP launched an £80m joint venture in 2022, with a remit to deliver 2,000 new homes for sale and rent on urban brownfield sites in key towns across England.
Rachel Miller, investment director at HGP, said: “The JV’s site acquisition will enable us to revive this central brownfield site to deliver housing for the local community. Strategic partnerships enable us to deploy significant capital and deliver homes at scale, working alongside trusted and experienced partners who are making a positive difference for people and communities across the country.”
Leigh Thomas, group managing director at Kier Property, added: “The acquisition of this site demonstrates our appetite to purchase brownfield sites and repurpose them for residential-led mixed-use regeneration. The proposed scheme will deliver much needed sustainable homes designed to the highest standard and will be in keeping and set amongst Tunbridge Wells’ fascinating depth of rich heritage, history and landscape.”
