Powergen plots to be sold

Layout of plots
Layout of Plots on Powergen site. Plots to be sold are those to East of Gasworks Lane

An application to Ashford Borough Council requesting the Council confirms that access works undertaken to Plots 1 and 2 of the Powergen site were undertaken lawfully to implement a start of the approved development of the site. The application has been submitted to confirm that the planning approval has not expired hence allowing the site to be sold with planning permission.

The application has been made Gerald Eve LLP on behalf of Victoria Road Developments Limited, which is in receivership.

ABC approved planning application 15/01671/AS giving detailed permission for 400 apartments on plots 1 and 2 and outline permission for 260 apartments and houses on plots 3,4 and 5 in November 2016. A condition attached to a later approval, 17/00018/AS, required the development of Plots 1 and 2 to be commenced within two years of the approval. The apartments were to be built to rent by Neighbour, a private rental company originating in Scandinavia.

The directors changed the name of the company owning the site, from Neighbour Ashford Limited to Victoria Road Developments, in 2018, perhaps indicating that they no longer wanted the Neighbour brand to be associated with the site. The company appointed receivers in August of this year at the behest of Lendinvest Security Trustees, who it is believed provided finance for the development.

Development of Plots 3,4 and 5 is being progressed by Quinn Estates for GRE Assets, a property company with headquarters in Oxford.

Leave a Comment

Your email address will not be published. Required fields are marked *