Homes England has confirmed its development partner for the regeneration of the 42-acre waterfront site at Daedalus, Lee-on-the-Solent in a joint venture between MurrayTwohig Development, Orwell Real Estate and Patron Capital, led by Daedalus Development Company.

The waterfront site is the final element of Daedalus to be developed within Homes England’s ownership and will see the regeneration of this historic waterfront site with a targeted, design-led, industrial innovation strategy supported by the local community.  

In addition to the restoration of the historic buildings, including the First World War hangars and an upgraded home for The Hovercraft Museum, around 450,000 sq ft of new, modern employment work and light industrial space will be created to attract new businesses and jobs to the Solent Enterprise Zone. The ambition is for the creation of a complete community, with the provision of c350 private and affordable homes.

Jeremy Herring, Homes England, said: “Daedalus Waterfront benefits from being part of the Solent Enterprise Zone, with rich history, heritage buildings and wonderful location opposite the Solent. Daedalus Development Company’s exciting vision for the comprehensive regeneration of the site will create a great place to work, live and visit for the local community.”   

Alongside the housing and commercial space, new services and facilities will be provided for the local community, including a public park in the residential areas and in Seaplane Square.  

Kevin Cooke, Senior Partner at Patron Capital said: “We have a long track-record in delivering mixed-use regeneration schemes that are both sympathetic to and in celebration of their surroundings, as well as in working in the collaborative joint ventures that are needed to bring diversity of thought and experience to achieve the best possible end result. This project is an exciting opportunity to leverage this expertise and work alongside industry-leading partners to deliver a milestone project in the UK.”