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Town and Country Housing (TCH), an affordable homes provider, acquired the significant scheme from Legal & General Modular Homes as part of its major growth plan. The scheme, located on Poorhole lane in Broadstairs, Kent, will be funded by Homes England and will deliver 153 affordable homes for shared ownership and social rent.
The homes will be developed using modern methods of construction and have been designed to achieve an Energy Performance Certificate (EPC) ‘A’ rating, a standard met by only around 1 per cent of new and existing dwellings in England & Wales.
TLT advised TCH on the acquisition of the land, construction contract and associated construction documents. The team was led by partner Sarah Hale, along with support from associate Andrew Russell (construction) and legal director Fergus Charlton (planning).
Sarah Hale, partner at TLT, says:
“We were delighted to be supporting TCH with this scheme, which will not only bring much needed high-quality, affordable homes to the area, but also see improvements made to the local amenity, including the creation of a woodland walk and the planting of 8,500 trees.
“This significant deal highlights the move registered providers are making into using large scale modular to meet housing targets, as well as putting sustainability at the top of the agenda.
“There is a clear need for affordable, sustainable and well-connected homes and modular construction allows for this to be achieved much more quickly than through traditional methods. We are likely to see many more schemes being developed using modern methods of construction as the UK housebuilding market strives to meet ambitious targets.”
Colin Lissenden, development director at Town & Country Housing, says:
“Town and Country Housing is part of the Peabody Group. We own and manage nearly 10,000 homes in Kent and with a large growth plan accelerating to 800 homes per year we are keen to explore innovative ways to provide much needed affordable housing in Kent. We are delighted to have secured grant funding from Homes England which has really helped to bring our joint vision to reality.
“We here at Town & Country are committed to making a positive impact on communities by providing more affordable and sustainable homes. That’s why we’re pleased to be working alongside Legal & General on the upcoming modular construction scheme in Broadstairs. Modular homes are an exciting approach to the UK's house-building market that delivers a fast, efficient, sustainable, and affordable options to local communities.”
23 July 2021
Insights 29 JULY 2021