The public authorities have issued a prior information notice (PIN) announcing one of the largest residential development projects in the South East of England – Manydown.
Manydown is situated to the west of the Hampshire town of Basingstoke which has one of the highest GVAs in the South East of England and one of the highest average household incomes along the M3 and M4 corridor.
The development opportunity, which covers an area of circa 843 hectares of greenfield land, could ultimately see the delivery of 8,000 homes over two local plan periods. The PIN outlines the first phase of the project of approximately 3,400 homes and invites interested developers and investors to attend a partner engagement event if they are interested in being part of a high-achieving public-private partnership to create an excellent new destination – one of the biggest residential-led projects of its kind in the country.
Councillor John Izett, Cabinet member for Manydown at Basingstoke and Deane Borough Council, said, “Basingstoke is an ambitious place that is growing and changing and welcomes new investment in its success. Our two councils are working together, drawing on our joint strengths as public bodies dedicated to and co-investing in our vision for a ground-breaking development on land in our ownership. We’re looking for an experienced partner to bring their expertise in placemaking coupled with enthusiasm to help realise our forward-thinking plans to make Manydown a vibrant, successful community and an amazing place for people to live.”
Richard Bayley, Project Director for Manydown, explained: “Manydown offers one of the best residential development opportunities in England. We are looking for an organisation or a consortium of developers and investors who have a solid track record in placemaking and infrastructure to deliver this large scale residential project. We need a partner who has both financial and resource capacity to work with us and commit for the longevity of this exciting project.
“Our plan is to enable the selected partner to facilitate the delivery of the first phase of 3,400 homes, but they will also be encouraged to fulfil the longer term opportunity of the project which could comprise further development phases. The whole of the project could ultimately deliver 8,000 homes.”