X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Positive planning decision for Tunbridge Wells trading scheme

U+I has announced positive progress at its £200m GDV trading scheme on the outskirts of Tunbridge Wells in Kent. All planning matters have been addressed by the planning committee and the scheme is only subject to the resolution of Highways Mitigation measures and completion of the standard procedural and judicial review process.

The Kingstanding scheme will transform 30 acres of unused land 3.5 miles from the centre of Tunbridge Wells and it will address the severe shortfall of office and industrial space in the area, whilst also providing local infrastructure improvements. The scheme delivers c.800,000 sq.ft. of flexible warehouse and office accommodation centred around a parkland and will accommodate a café and other essential amenities for occupiers.

Richard Upton, Chief Development Officer at U+I, said: “U+I is now a step closer to unlocking the potential in this unused greenbelt land just outside Tunbridge Wells town centre as a thriving new business destination and community space, with nature and wellbeing at its heart. With demand for office and industrial space far outstripping supply, Kingstanding will attract firms from a range of backgrounds to a workspace inspired by the outdoors and fit for the modern era. It will create over 4,000 new jobs, stimulating significant economic growth.”

The project will deliver some initial land improvement in 2021.

If you want to read more news subscribe

subscribe