Investment manager Europa Capital, in partnership with UK property Company, St Congar, said on Thursday that it has received planning consent for the development of 880 new homes, alongside commercial and community spaces, at Toads Hole Valley in Hove, East Sussex.
An interest in Toads Hole Valley was acquired by Europa Capital in partnership with St Congar in 2016 and, at 99 acres, is the largest greenfield site in the Brighton & Hove City Plan which has been identified for the delivery of much needed housing.
The proposed development will deliver 880 new homes, of which 40% will be affordable, in addition to 25,000 m2 of office space, a site for a secondary school, a neighbourhood centre and doctors’ surgery, as well as play areas and open space.
James Pennington, managing director, Asset & Portfolio Management at Europa Capital, commented: ‘Toads Hole Valley will create a vibrant new community, delivering modern homes and community space for Hove in line with the Council’s local plan. Achieving outline planning consent is an important milestone for this scheme which has involved a number of partners working together to promote this fantastic site through the planning system.’
Europa Capital was advised by Strutt & Parker and Turner Morum on marketing in addition to Enplan Consultants, Vectos, Eversheds Sutherland and Bryan Cave Leighton Paisner.
