Regeneration specialist to create over 4,000 jobs with £200m green belt scheme
A London-based specialist regeneration developer has announced ‘positive progress’ at its multi-million pound trading scheme in Kent.
U + I has seen its £200m green belt development in Tunbridge Wells move forward, as all planning matters have now been addressed by the planning committee,
The development, known as Kingstanding, aims to transform 30 acres of unused land 3.5 miles from the centre of Tunbridge Wells into a new business community, and is expected to create thousands of new jobs for the area.
The scheme will comprise around 800,000 sq ft of flexible warehouse and office accommodation centred around a parkland landscape and water feature, as well as featuring a café and other amenities for occupiers.
Richard Upton, chief development officer at U+I, commented: “U+I is now a step closer to unlocking the potential in this unused greenbelt land just outside Tunbridge Wells town centre as a thriving new business destination and community space, with nature and wellbeing at its heart.
“With demand for office and industrial space far outstripping supply, Kingstanding will attract firms from a range of backgrounds to a workspace inspired by the outdoors and fit for the modern era. It will create over 4,000 new jobs, stimulating significant economic growth.”
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