Developer concludes £14.7m land deal for new mixed-use scheme
A Birmingham developer has revealed multi-million pound plans for a new supermarket, hotel and care home scheme following an exchange of contracts on three plots of land.
Henry Davidson Developments (HDD) plans to develop the facilities on a site to the south of the historic market town of Faversham.
The £14.7m scheme will include a 20,000 sq ft unit for a discount food operator, an 80-bed hotel, and a 66-bed care home.
HDD has exchanged contracts to acquire the land from Hallam Land Management, part of the Henry Boot Group and vendor FK Kemsley & Sons. The site is adjacent to a residential development being delivered by Barratt Homes.
HDD, which moved its headquarters to Birmingham to capitalise on the city’s booming commercial property market, specialises in retail-led and mixed-use developments. The company recently completed major retail-led mixed-use developments at Didcot in Oxfordshire, and Newton Leys in Milton Keynes. It has also recently completed an Aldi store at Ashford, Kent, on behalf of U+I.
Subject to achieving planning consent, HDD hopes to start on site at Ashford Road, Faversham, in Q4 2018, with practical completion expected in late 2019.
Project director Kevin Foster said: “We are pleased to have exchanged contracts to acquire these three plots of land.
“We are in the process of agreeing pre-lets with three highly respected companies who will provide a hotel, supermarket and care home.”
HDD was helped in its relocation to Birmingham from Nottingham with support from Finance Birmingham.