Chatham Waters progresses
Wed 19 June 2019, 3:45 pm
Building work has started on the second phase of new homes at a regeneration scheme at Chatham Waters, which will include 193 apartments at the waterside location.
Developer Peel Land and Property (Peel L&P) and real estate asset manager Long Harbour have completed contracts to deliver the new phase of the residential development.
Long Harbour will finance the project and manage the building when it is completed, which will include 193 one, two and three-bedroom apartments for the private rental market.
Neil Baumber, residential development director at Peel L&P, said: “Following planning approval in October 2018, Peel L&P have now completed contracts with Long Harbour and entered into a building contract with Russells Construction to create the second residential scheme at Chatham Waters.
“The development will be a stunning waterfront setting for young professionals, families, downsizers and key workers to call home.”
James Aumonier, chief operating officer at Long Harbour, said: “Directly on the waterfront, the scheme is a key location within Chatham Waters, and represents Long Harbour’s eighth investment in the build to rent sector.
“We anticipate high demand from both existing Medway residents and those looking to relocate to the area to enjoy the exciting lifestyle on offer.”
There will be retail units at ground floor level, as well as a waterfront boulevard, a rooftop garden and Mediterranean-inspired alfresco dining and BBQ areas.
Richard Hicks, Medway Council’s deputy chief executive and director of regeneration, culture, environment and transformation, said: “Chatham Waters is in a fantastic location with waterfront views, overlooking the River Medway and close to excellent transport links.
“The site, which is already home to a University Technical College and superstore, is a great addition to our monumental regeneration programme. Chatham Waters will provide an outstanding range of residential accommodation, commercial and retail units, as well as leisure facilities.
“Medway is witnessing a period of transformational regeneration, which is already providing new opportunities for our residents. Our economy is continuing to grow and more people are choosing to live, work, learn and visit Medway.”
The new scheme follows the first phase currently under construction of 199 one, two and three-bedroom luxury apartments in a 14-storey block by X1 Developments. The Chatham Waters regeneration project aims to create a total of more than 950 homes at its waterside location.
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