YTL Developments has partnered with Sovereign Network Group (SNG) to deliver affordable homes at Brabazon, the new town on the outskirts of Bristol.
The wider masterplan is being delivered on one of the largest brownfield sites in the UK. 6,500 new homes will be built in total, of which more than 1,700 will be classed as affordable.
It will also be home to the new Bristol Brabazon train station and have enough commercial space for up to 30,000 new jobs.
The partnership between YTL Developments and SNG will support the delivery of affordable housing to meet the housing demands of the growing urban area.
Brabazon has been shortlisted as one of the government’s New Towns – a designation which will speed up the delivery of thousands of new homes and jobs, alongside the public transport and infrastructure needed to support sustainable growth. This includes the opening of Bristol Brabazon railway station this autumn, the new M4 Metrobus service, which is now operational, and over 86 acres of new public parks, squares and green spaces.
The partnership says that, by working together over the long term, SNG and YTL Developments aim to create a coordinated and sustainable delivery model which provides certainty for residents and investment partners.
SNG and YTL Developments are also in advanced negotiations to establish a long-term SNG office base within one of Brabazon’s commercial buildings. The masterplan for Brabazon includes over 3 million sq ft of prime office and employment space.
SNG already has a strong presence in the area, with approximately 1,700 homes across Bristol and South Gloucestershire. It has also delivered around 30% of the affordable homes already built at Brabazon.
Over the next 10 years, SNG plans to build 22,500 new homes across the South of England, all designed to meet its Homes and Place Standard.
Seb Loyn, director of planning & development at YTL Developments, said: “Partnerships are the only way to address the full breadth of the housing challenge. By working together, we can combine expertise, resources and ambition to deliver the quality homes and thriving communities that people need.”
Charlie Stevens, SNG’s regional managing director – West, commented: “SNG and YTL Developments share an ambition to create well-designed, thriving neighbourhoods and support the long-term success of one of the South West’s most significant regeneration projects. This partnership will help us to develop innovative solutions that balance housing need with residents’ aspirations, while ensuring new communities remain financially sustainable, inclusive and great places to live.”
