The project at Daedalus Village will see Wates directly invest £25m into regenerating the site, dramatically increasing the number of new homes available in Gosport. The 200 properties will consist of 120 private homes and 80 shared ownership homes.
The homes will be located at Daedalus, the former Royal Naval Air Station Lee-on-Solent, and location of the Solent Enterprise Zone. First established as a seaplane base in 1917 during the First World War, it later became the main training establishment and administrative centre of the Fleet Air Arm. The site fell into disrepair following its decommissioning in 1996, and was subsequently acquired by Homes England. The design of the new homes will celebrate the areas rich heritage by using traditional brick facades and tiled roofs, with a network of green spaces and play areas also being created.
Paul Nicholls, Managing Director, Wates Residential, commented:
“Our partnership with Homes England is an important step in unlocking the future prosperity of this historically important location. Were confident that the innovative proposal weve put together will help fulfill the housing needs of the local area, and were committed to ensuring our work on the project has a significant socioeconomic impact on Gosport and the wider Lee-on-Solent region.”
The new homes will be some of the first constructed under the Direct Commissioning Initiative, which is designed to enable the Government to fast-track the building of homes on publicly owned land and diversify housing delivery. The project is scheduled to start on site in summer 2018 with completion expected in summer 2020, delivering homes at a much faster pace than customary for the market.
Stephen Kinsella, Executive Director, Land at Homes England, said:
“It is great to announce the deal with Wates Residential, creating much needed homes and generating employment for local people.”
Wates has pledged that its work on the project will create training and employment opportunities for local people and will boost the local economy through the appointment of local suppliers and sub-contractors.
The development will act as a catalyst for the wider regeneration of the site, and serve to bring economic life and vitality back to this former economic hub. Wates will work closely with Gosport Borough Council to drive its vision and masterplan for Daedalus forward while fulfilling its regeneration aspirations.