Radian has been chosen by the Homes and Communities Agency (HCA) to lead the residential development for Tipner at the gateway to Portsmouth, marking a major step in part of the city's £820m project to transform the area over coming decades.
The HCA has been working with Portsmouth City Council to bring forward plans for a thriving new community at the gateway into the city. Following major remedial work and the granting of outline planning consent on the 1.7 ha site, Radian was chosen as the developer after a rigorous selection process. It will build the first 80 new and affordable homes and more than 600 sq m of commercial space on the former PD Fuels site which has stood largely derelict for nearly a decade.
Radian’s selection by the HCA as development partner is just the start of the first phase, which once complete will see 600 new and affordable homes and associated commercial development. This first phase will set the benchmark for future development with a high quality scheme that will provide an inspiring entrance to the wider area.
Andrea Smith, Director of Development and New Business at Radian, said: “Our award-winning design and sustainability credentials will be very much at the forefront of this development, leading the way for the long term future of the project. Radian has had a long association with Portsmouth working alongside the local community for many years. Once complete, this new development will be a great place to live and work and our involvement is very much for the long-term.”
Kevin Bourner, HCA Head of Area said: “This is a major step in the regeneration of Tipner. We look forward to working with Radian to deliver a high quality scheme which is a really important addition to the city and its economy.”
Kathy Wadsworth, Portsmouth City Council's Strategic Director of Regeneration, said: “We look forward to working with Radian as development partner, to deliver a sustainably designed environment. Regeneration of Tipner has been talked about for decades and now things are actually happening, it will be fantastic to see the first homes built.”
Radian will undertake further detailed consultation with residents and the wider community in the coming months and is expected to submit a detailed planning application in summer 2014. Construction is scheduled to start in early 2015.
