Next phase of Rochester Riverside begins construction as local labour hits 61%
Countryside, the UK’s leading mixed-tenure developer, and Hyde, one of the largest housing associations in the country, have begun construction on Phase 3 of Rochester Riverside, their £419m regeneration scheme in Medway.
Phase 3 comprises 171 new homes, made up of 128 one- and two-bedroom apartments and 43 two- to five-bedroom houses. Also being delivered is a large waterfront park with play area and outdoor gym equipment, a further section of the river walkway (which will total 2.5km when complete), as well as significant public realm and public art around the famous dockside blue crane dating from 1957 that has already been refurbished as part of the project, and is one of the area’s most striking landmarks.
The new homes and amenities will be delivered by a predominately local workforce too. In January 2021 the proportion of local labour working on the site reached 61%*, demonstrating Countryside and Hyde’s commitment to sharing the economic benefits of the development across Medway.
Rochester Riverside is the region’s flagship regeneration project, delivered by Countryside and Hyde over 12 years. A new mixed-tenure community of up to 1,400 new homes is being created, along with a new primary school, nursery, hotel, river walkway, commercial units, parking, green open spaces, play areas and landscaping.
The development continues to make swift progress, with Phase 1 completed and Phase 2 well underway. 158 private homes have now been completed and occupied at the development, comprising one- and two-bedroom apartments and three- and four-bedroom houses, while 59 affordable homes have also been handed over to their new residents at this thriving riverside community.
* Local labour is defined as those living in the catchment area of ME1, ME2, ME3, ME4, ME5, ME6, ME7 and ME8
Andrew Usher, Managing Director, Partnerships South London, Countryside, commented: “At Countryside, working with local people is at the heart of any regeneration process, and so we are proud to be employing over 60% local labour at Rochester Riverside as we begin work on Phase 3. The regeneration scheme is having a hugely positive effect on the Medway landscape, and by employing local workers the project is making a similarly transformative impact on the Medway economy, in addition to reducing congestion and emissions.”
Guy Slocombe, Chief Investment Officer at Hyde, added: “We’re excited to begin work on Phase 3 of Rochester Riverside, which will deliver a varied mix of new homes and public spaces, ideal for both existing Medway residents and those looking to make this thriving location their new home. With construction on the new primary school also expected to start this spring, 2021 is shaping up to be a transformational year for the development.”
Cllr Alan Jarrett, Leader of Medway Council, said: “I am pleased that not only is Rochester Riverside providing residents with a great choice of both affordable and luxury homes, but it is also creating job opportunities for local residents. The multi-million housing development is in a fantastic location and has a lot to offer the local community. I am looking forward to seeing work on the next phase progress.”
Rishi Banerjee / Laurence Hill
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Countryside is the UK’s leading mixed-tenure developer with over 60 years’ experience, creating places people love, with sustainable communities built to last. In March 2021, it was awarded the 5 Star Rating by the Home Builders Federation again following the latest home building industry’s Customer Satisfaction Survey.
Specialising in estate and town centre regeneration schemes, Countryside’s Partnerships comprises three divisions – Partnerships South, Partnerships North and Partnerships Midlands. It works mainly on public sector owned and brownfield land, in partnership with local authorities and housing associations to develop private, affordable and PRS homes. Its developments include large scale urban regeneration projects at Beam Park, Rainham; North Leigh Park, Wigan, and Drakelow Park in Burton-on-Trent.
Countryside’s Housebuilding division benefits from an industry-leading strategic land bank which is focused around outer London and the Home Counties. With a focus on placemaking, its developments include a number of large-scale projects including Beaulieu, Chelmsford; Kingsmere, Bicester and Great Kneighton, Cambridge.
Countryside established a modular panel manufacturing facility in Warrington to improve quality and reduce build times on site. In 2019, the business announced two further factories to be built in the Midlands and Leicestershire to expand its offsite construction capability.
Countryside delivered 4,053 homes in the twelve months to September 2020 – 3,213 through its Partnerships division and 840 through its Housebuilding division, with a mix of private for sale, PRS and affordable homes. The Group has a strong balance sheet with new framework agreements signed during 2020 which, along with a record forward order book, up 23% to £1,432m, underpin the mixed-tenure delivery model focused on delivering quality homes and sector leading growth. It was listed on the London Stock Exchange in February 2016 as a constituent of the FTSE 250.
For more information see www.countrysideproperties.com or follow @CountrysideProp on Twitter.
Hyde was established in 1967 to provide homes for those left behind by the market. We are an award winning provider of homes, combining social purpose with entrepreneurial drive and professionalism.
Hyde is one of the largest housing associations working in England, owning or managing circa 50,000 homes in London, Kent, Surrey, Sussex, Hampshire, the East of England and East Midlands. This means that more than 100,000 residents have a home at a price at which they can afford, with long tenancies that give them the chance to improve their life chances.
The homes that we build, as well as the ones we already own, include those for shared ownership, for social rent, for outright sale and for private rent. Hyde Housing Association is a not-for-profit organisation but our family of companies, which makes up the Hyde Group, includes charities and profit-making subsidiaries. The money that we make is used to build more homes for those excluded from the market. For every million pounds surplus we make, we can build 150 new homes for people who otherwise would not be able to access a place to call home.
To find out more about the Hyde Group visit www.hyde-housing.co.uk
Story posted: 21/04/2021