News

Barratt picked for East Cowes regeneration scheme

News

Paul Norman

05 August 2010

Residential

Barratt Homes has been selected to develop a 180 home scheme forming part of regeneration plans for East Cowes on the Isle of Wight.

The Homes and Communities Agency and the South East England Development Agency have signed a development agreement with Barratt, who will deliver the homes.

The masterplan for the 11 hectare East Cowes site also includes a new Waitrose supermarket, which is due to open later in the year, a medical centre, town square, hotel, a further 300 homes during a later phase, and a marine employment quarter on the waterfront site. SEEDA has also submitted a planning application for a 300 berth marina.

Kevin Bourner, head of area at the HCA, said: “The HCA and SEEDA’s ambitious vision to create a place the East Cowes community will be proud to live and work in has taken a major step forward.

“It is excellent news that Barratt is on board with this project, and I am certain it will deliver the standards of sustainability and design that we expect for the new and affordable homes.”

Barratt Southampton managing director Ian Wallace said: “We are pleased to once again work with the HCA and SEEDA in bringing this development to life and fulfil the genuine housing need in the East Cowes area. Housing market conditions are improving, paving the way for what we predict to be a successful development. The new homes will boast a great location and our commitment to not only bringing vital quality housing to the Island but also creating environmentally friendly lifestyles is of paramount importance.”

A planning application was submitted for the first phase in May 2010, with a decision expected in September. All the 180 properties will reach level 4 under the Code for Sustainable Homes and 54 units (30 per cent) will be affordable.

If successful, Barratt Homes will start building the 137 houses and 43 flats early next year.

HCA and SEEDA have committed around £18 million to the regeneration of East Cowes, which has included masterplanning, land acquisition, remediation and major infrastructure improvements including a new link road.

paul.norman@estatesgazette.com

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Barratt Homes has been selected to develop a 180 home scheme forming part of regeneration plans for East Cowes on the Isle of Wight. The Homes and Communities Agency and the South East England Development Agency have signed a development agreement with Barratt, who will deliver the homes. The masterplan for the 11 hectare East Cowes site also includes a new Waitrose supermarket, which is due to open later in the year, a medical centre, town square, hotel, a further 300 homes during a later phase, and a marine employment quarter on the waterfront site. SEEDA has also submitted a planning application for a 300 berth marina. Kevin Bourner, head of area at the HCA, said: “The HCA and SEEDA’s ambitious vision to create a place the East Cowes community will be proud to live and work in has taken a major step forward. “It is excellent news that Barratt is on board with this project, and I am certain it will deliver the standards of sustainability and design that we expect for the new and affordable homes.” Barratt Southampton managing director Ian Wallace said: “We are pleased to once again work with the HCA and SEEDA in bringing this development to life and fulfil the genuine housing need in the East Cowes area. Housing market conditions are improving, paving the way for what we predict to be a successful development. The new homes will boast a great location and our commitment to not only bringing vital quality housing to the Island but also creating environmentally friendly lifestyles is of paramount importance.” A planning application was submitted for the first phase in May 2010, with a decision expected in September. All the 180 properties will reach level 4 under the Code for Sustainable Homes and 54 units (30 per cent) will be affordable. If successful, Barratt Homes will start building the 137 houses and 43 flats early next year. HCA and SEEDA have committed around £18 million to the regeneration of East Cowes, which has included masterplanning, land acquisition, remediation and major infrastructure improvements including a new link road. paul.norman@estatesgazette.com To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.