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Developer selected for Rochester Riverside

10 March 2016

Countryside Properties and Hyde Housing have been selected to turn Medway Council’s ambitious regeneration plans for Rochester Riverside into reality.

The developers are set to transform the area over the next 12 years, building around 1,300 new homes, of which 25 per cent will be affordable housing.

They will also provide a new school, nursery, hotels, restaurants, gym, healthcare facilities, office space and a number of retail units on the site, which is one of Medway’s most exciting regeneration hotspots with an anticipated final development value of over £400million.

They have promised new-look housing for the 74-acre site, producing bespoke styles of accommodation, including 15 different house types and apartments, and will be working closely with the council to make sure designs meet the needs of local people.

Having been selected following a competitive tendering process, the developers are set to submit their first planning application by the end of the year. The extensive work, which will span more than a decade, could be underway by summer 2017 and will be complete around the summer of 2028.

Cllr Rodney Chambers, Medway Council’s Portfolio Holder for Inward Investment, Strategic Regeneration and Partnerships, said: “This is a really important step for this regeneration scheme and it means we can now get the ball rolling and work with Countryside and Hyde Housing to produce what is set to be a really impressive development for Medway.

“Rochester Riverside is a major part of our ambitious 20-year regeneration plan, helping us to meet the needs of Medway’s growing population, with more homes, a new school and other much needed facilities, all well connected to the historic heart of Rochester and the new railway station on Rochester Riverside with connections to the new multi-storey car park due to open by the end of April 2016.”

Richard Cherry, CEO of Partnerships at Countryside said: “Rochester Riverside is a site with immense potential which has over 2.5km of frontage onto the River Medway and adjoins the town centre and new railway station.  Our proposals respond to this exceptional opportunity with the very highest standards of place-making and design to create a thriving, mixed-use group of neighbourhoods.  Working in partnership with all the stakeholders we will create a socially sustainable community where people will want to live, work and relax. It will provide for today’s lifestyles whilst respecting Rochester’s heritage and will make a major contribution to the economic prosperity of Medway.” 

David Gannicott, Group New Business Development Director, the Hyde Group, said: “We are delighted to be involved in this 50/50 joint venture with Countryside Properties. Hyde has a proven track record in delivering high quality homes for local people and we are very proud that 25 per cent of the 1,300 new homes that the regeneration will deliver will be affordable, providing much needed housing for the people of Medway.”

The plans for Rochester Riverside are being supported by the Homes and Communities Agency (HCA), which is the co-owner of the site and has invested c.£60m to date to prepare it for development.

Find out more details about the plans for Rochester Riverside.

Local businesses near to and on the Rochester Riverside site will remain open for business as usual once works begin.