Kent, Surrey & Sussex Tonbridge and Malling – Open for Business
Westbrooke Alternative Asset Management UK and Eastwood Investment Group announce new Joint Venture
Centenary Village
Our Economic Recovery Strategy sets out a vision that aims to maximise “the strengths of the local area to help create a resilient, dynamic and inclusive economy
that
months. A new £11.3m
fosters vision
growth”, and much progress is being made towards that
sustainable in
recent GreenTech Hub for
Advanced Horticulture opened at NIAB East Malling in 2022 – the first phase of a wider investment in Research and Development. The Hub now provides the horticulture and viticulture industry with access to a new state-of-the-art research facility and includes specialist greenhouses, modern polytunnels, growth rooms and cold rooms. The new facility was funded through UKRI’s Strength in Places Fund, the SELEP Local Growth Fund and East Malling Trust -
https://www.niab.com/about/locations/ east-malling/greentech-hub-advanced- horticulture
Top logistics developer, Panattoni are progressing well with the construction of 1.9 million sq. ft of flexible grade-A industrial and logistics space at the former Aylesford Newsprint site. Panattoni Park Aylesford is a 90acre site, close to Junction 4 of the M20, and is a £180 million investment in high quality sustainable industrial development, infrastructure, parking, landscaping and access, including a new £7m link road. The development is scheduled to be completed later this year and will create over 3,000 new job opportunities in the local economy. DHL, Fowler Welch, Evri and Marley Tiles have now occupied their units, with detailed discussions underway with other occupiers for the remainder of the space - https://www.
panattoni.co.uk/aylesford/
Work has now been completed on the new Tonbridge Trade Park, a £20 million investment which delivers 15 units
18
of modern trade/industrial space. The scheme has been developed and managed by Northwood Urban Logistics - https://
www.tonbridgetradepark.co.uk/
The £25m Arc Logistics Park near Snodland was completed in 2022 by Wrenbridge, providing 125,000 sq ft of industrial units along with two ancillary drive-thru facilities. New tenants on the site include ‘Must Have Ideas’ and Swegon - https://www.
wrenbridge.co.uk/project/arc-aylesford- kent/ .
The Royal British Legion Industry’s new Centenary Aylesford,
will
Village development in include £8m investment
in expert care and new facilities for the elderly, £12m investment in single person apartments and homes, and £2m investment in community services. Phase 2 of the development comprises family homes, specially-adapted flats for injured veterans, an assisted-living block and was formally opened in November 2022. Future plans include a community centre with a state-of-the-art gym and IT learning suite -
https://rbli.co.uk/centenaryvillage/
Tonbridge_CGI from Town Lock
London, 28 March 2023: Westbrooke Alternative Asset Management (Westbrooke) and Eastwood Investment Group (Eastwood) are pleased to announce a new joint venture, allowing Eastwood to diversify and expand its real estate portfolio
of unconsented development sites.
Richard Asherson, MD at Westbrooke UK, said “We are contributing significant investment to the partnership, allowing Eastwood to diversify and expand its niche real estate strategy. The joint venture will focus on acquiring unconsented development land, asset management opportunities, and high-yielding investments capitalising on Eastwood’s planning expertise. We have always been impressed with the team at Eastwood and are excited to join forces with them.”
“We are thrilled to be partnering with Westbrooke and are confident that this partnership will bring great success for both entities,” said Joshua Prince, Co-Founder of Eastwood. “This joint venture combines the expertise and experience of both companies. We look forward to scaling the business plan and achieving asymmetric risk-adjusted returns for investors.”
Despite the downturn in real estate
markets arising from the high interest rate environment, the joint venture has started positively. Multiple planning-led projects have been secured, including an 8-storey residential scheme in Tonbridge, Kent, and a high-quality housing scheme in Haywards Heath, Mid Sussex.
Westbrooke’s backing is a huge boost for Eastwood and its future growth; under the partnership, Eastwood are looking to secure a portfolio of unconsented development sites with a total value of £50m-£100m across 10 or more sites.
For more information, please visit
https://eastwood.uk.net/.
COMMERCIAL PROPERTY MONTHLY 2023 residential
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76
