THAKEHAM has formed a significant joint venture with housing provider Radian to develop more than 600 new homes in Pease Pottage.
The development will also provide a home for charity St Catherine’s Hospice, a new primary school and a community hub.
The 45 hectare site is located off Parish Lane to the south of Crawley and to the east of the Moto Service Station in Pease Pottage, providing up to 619 homes in total.
The homes are expected to be developed within eight years.
The overall development has outline planning permission and detailed planning permission for the first two phases of development already includes the primary school.
Under the agreement, Thakeham, who currently operate throughout the South East, will project manage all elements of the development process, including planning, construction and sales.
The joint venture will be split on a 50/50 basis with both parties sharing in the cost of the development of the homes and sharing in the income streams.
Gary Orr, Chief Executive of Radian, said: “We are very pleased to be working in partnership with Thakeham, a quality independent housebuilder with extensive local experience, to provide a significant number of new homes and community facilities here in Pease Pottage.
“Our two businesses share similar values, putting the customer and community at the heart of what we do.
“We’ve recently committed to providing 3,500 new homes over the next five years and this joint venture will make a significant contribution to our target.”
Radian provides more than 19,000 affordable homes.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel