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Canterbury Regeneration Scheme Moves Forward

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

A multi-million regeneration project in Canterbury took a major step forward after developers exchanged contracts with the council.

The Hyde Group and development partner Linkcity exchanged contracts with Canterbury City Council on the £115m scheme based in the centre of Canterbury that will provide a total of 189 affordable homes along with a cinema, restaurants and student accommodation.

Construction on the development is due to begin in the autumn, with the entire project due for completion in 2023.

Commenting on the scheme, Mike Finch, from the Hyde Group said: "We are delighted to now be able to take the residential element of this exciting project forward and, importantly, that all the homes will be affordable."

"Alongside shared ownership, 40% of the homes will be available for social rent, ensuring local people can afford to stay in the area."

The project was approved last year with Nicolas Guerin, managing director of Linkcity adding: "Securing delivery of the residential element of the Riverside project is a crucial piece in the jigsaw for this exciting mixed-use scheme."

"New affordable homes will sit alongside the cinema, student accommodation and food and drink operators, making a hugely positive impact in this part of the city."

"We look forward to continuing to work closely with our Hyde and Canterbury City Council throughout the delivery stage, as we bring this vibrant development to life."