Kier Property and Housing Growth Partnership (‘HGP’), together in Joint Venture, have purchased a 1.46 acre site in Tunbridge Wells from Axa Health. It represents a significant investment by the £80m JV, launched in 2022, with a focus on residential developments on urban brownfield sites.
Formerly occupied by Axa Health, the site currently comprises two vacant office buildings, Phillips House and Eynsham House. It is prominently positioned on the corner of Crescent Road (A264) and Mount Pleasant Road, less than five minutes’ walk from Tunbridge Wells train station, which connects to central London in 30 minutes. The site overlooks Calverley Park, close to the town’s main retail centre, in a neighbourhood characterised by an abundance of Grade I and II listed buildings.
Kier Property and HGP signed the 50:50 £80m JV in June 2022, with a remit to deliver 2,000 new homes, both for sale and rent, on brownfield sites in key towns across England.
"The JV’s site acquisition will enable us to revive this central brownfield site to deliver housing for the local community. Strategic partnerships enable us to deploy significant capital and deliver homes at scale, working alongside trusted and experienced partners who are making a positive difference for people and communities across the country.”
Rachel Miller, Investment Director, HGP
“The purchase of this site demonstrates the ambition of this Joint Venture and Kier Property to grow in the mixed-use regeneration sector and to develop this vacant brownfield site into a new sustainable, design-led residential scheme which aligns with Tunbridge Wells’ existing heritage and landscape.”
Leigh Thomas, group managing director Kier Property