Contracts have been exchanged to make way for the residential re-development of a Kent college campus in Ashford.
Orbit, one of the UK’s largest developing housing associations, and leading Kent-based property and construction company, Chartway Group exchanged the contracts with West Kent & Ashford College last week, with plans to build 158 new mixed-tenure homes on the former K College campus on Jemmett Road.
The new £30million development will offer 25 rented, 50 shared ownership (part-buy, part-rent), and 53 outright sale homes by Orbit, with a further 30 outright sale homes from Chartway Group’s residential brand, Westerhill Homes.
Maggie McCann, development director at Orbit, said: “By offering the new homes through a range of rental and home ownership options, we hope to meet different needs and aspirations and provide an inclusive community that people are proud to live in.
“Committed to tackling the housing crisis, this innovative joint venture with Chartway Group will also help in achieving Orbit’s target of building 12,000 homes by 2020.”
Tim McLoughlin, Projects Director at Chartway Group added: “The joint venture with Orbit marks the continued growth and evolution of the Chartway Group and its residential brand, Westerhill Homes. Delivering quality homes with our signature design, whilst providing much needed housing for the local community, is core to everything we do.”
The K College will relocate to new premises by mid-2017, with construction expected to start on the site in the late summer.
News of this latest development comes just a month after Orbit celebrated building 5,000 new homes since 2013, with the completion of 11 apartments in Tonbridge and Malling, mid-west Kent.
Already owning and managing over 4,300 homes across the county, the new homes in Ashford will contribute to the 1,100 homes Orbit is expected to build in Kent over the next four years.