Hill Investment Partnerships, a subsidiary of housebuilder Hill, has been selected by Rushmoor Borough Council as its investment partner to transform Aldershot and Farnborough town centres.
The c. £300m regeneration plans will provide in the region of 750 new homes together with a variety of amenities and commercial space to benefit and further enhance the local community.
Selected via a two stage tender process, Hill will become the Council Cabinet’s partner for the regeneration of four areas of the borough:
- Union Street East, Aldershot: creation of around 110 new homes alongside commercial and community hubs
- Parsons Barracks, Aldershot: creation of around 200 new homes
- The Civic Quarter, Farnborough: creation of around 400 new homes alongside commercial and community hubs
- Union Street West, Farnborough: creation of around 40 new homes
Ernie Battey, Director of Hill Investment Partnerships, said: “We are delighted to have been appointed by Rushmoor Borough Council to regenerate these important town centres and deliver hundreds of new homes. Our extensive experience of working with local councils ensures that we maximise value for them while delivering excellence in design and placemaking for local residents to enjoy for years to come. We look forward to forging a very successful partnership with the Council.”
Councillor David Clifford, Leader of Rushmoor Borough Council, said: “This is such an important step forward in the regeneration of our town centres, as having an experienced investment partner on board will allow us to press ahead more quickly with redeveloping both Aldershot and Farnborough. We know that our residents are keen to see action on the ground and we share their desire to see our towns improved. Hill has an excellent track record of delivering mixed-use town centre development schemes and their involvement will be a huge asset to our teams as we realise these ambitious plans.”
Earlier this year, Aldershot was awarded £8.4m in funding from the Government’s Housing Infrastructure Fund, while a further £1.1m in funding was secured from the Local Enterprise Partnership.