Inland Homes will develop 239 residential units and 15,845 sq ft of commercial space at its Lily's Walk site in the town.
The 3.5-acre scheme is located on the site of the former National Grid gasworks and Inland Homes will be undertaking extensive remediation and specialist environmental works to bring the area to residential standard.
Features include 96 two-bed, 137 one-bed and six studio apartments, as well as 15,845 sq ft of commercial space, associated car parking facilities and additional public realm improvements.
In addition, the company received planning permission for four further projects;
• A £100m project to develop 457 residential units and 64,000 sq ft of commercial space in Southhampton via a joint venture with the city council. The development is a challenging waterside brownfield regeneration site and is the Company's first major joint venture with a council.
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• 400 new homes along with approximately 100,000 sq ft of commercial space and community amenities in Aylesbury.
• In Farnborough, Inland Homes has successfully re-planned the final phase of its Queensgate site from 46,000 sq ft of commercial space to 80 residential homes
• In Chesham, the company intends to develop 55 residential units.
Paul Brett, Land Director at Inland Homes, said: "Altogether, these permissions represent a significant step forward for Inland Homes and mean that we now have a pipeline of 2,340 permitted plots. Securing these permissions is testament to our specialist expertise and the thorough work we undertake in bringing complex sites to a residential standard.
"Our understanding of the planning system and the strong relationships we have cultivated with local authorities in the region means we are ideally placed to further add to our development pipeline.
"Against the backdrop of the recent findings and recommendations published in the Government's housing White Paper, we are now on the way to providing well over 2,300 high quality and much needed homes in the South and South East."
(LM)
