369 Affordable Homes planned for Preston Barracks, Brighton

February 25, 2019

Housing association Optivo (formerly AmicusHorizon & Viridian) have invested in land at Preston Barracks in Brighton with plans to construct 369 affordable homes. The project is hoped to be well underway by mid 2019 and will be one of the biggest regeneration projects in Brighton and Hove.

Optivo land and new business director Neill Tickle is quoted as saying: “We’re passionate about delivering new homes and are delighted to have completed this deal with U+I.

“This is a very exciting time for Brighton and we’re proud to be involved with such an ambitious masterplan that will create jobs and positively transform the area.

“It’s Optivo’s largest land-only deal to date and we’re keen to get started on building 369 much-needed quality homes as part of a buzzing new neighbourhood.”

The project will also see accommodation for 555 students along with workspace for start-up businesses and small firms – It is hoped that the multi million pound regeneration project will help to build a positive, thriving and rewarding community for the region.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Tenants and landlords must be aware of new electrical safety standards in Northern Ireland

Propertymark has urged tenants and landlords in Northern Ireland to be aware of new electrical safety standards that begin on 1 April 2025.   On 19 November 2024, the new regulations were approved by the Northern Ireland Assembly in response to a public consultation throughout September 2023.   From 1 April 2025, the regulations introduce the responsibility for…
Read More →
Countryside
Breaking News

End to rent adjudication measures in Scotland

Letting agents across Scotland will welcome the news that the temporary rent adjudication measures end on 31 March 2025. The Cost of Living (Tenant Protection) (Scotland) Act 2022, which temporarily protected tenants by controlling rent, limiting evictions, and setting up rent review measures, ended on 31 March 2024. However, some of these measures were extended…
Read More →
Breaking News

Propertymark comments on Stamp Duty threshold changes

Commenting on the Stamp Duty threshold changes commencing from tomorrow, 1 April, Toby Leek, President of NAEA Propertymark, the leading professional body for estate agents, said: “There will be many people completing on the sale of their home today to save potentially thousands of pounds from tomorrow onwards. “Some will also be disappointed that they…
Read More →
Rightmove logo
Breaking News

Rightmove comment on mortgage market and mortgage rates update

Matt Smith, Rightmove’s mortgage expert says: “As stamp duty deadline day arrives, average mortgage rates have remained steady since last week’s Spring Budget and unexpected drop in inflation rate. The lowest available mortgage rate is still a 2-year fixed deal at 3.86%, for those with the largest deposits, as the short-term outlook for rates remains…
Read More →
Breaking News

Surging rents for students – one of many ‘unintended consequences’ of the Renters’ Rights Bill

In London, there are brand new high-end developments at Kings Cross that are used by many students. But a London-based landlord tells Propertymark that though many of their student renters have never defaulted, they do have concerns about the unintended consequences that the Renters’ Rights Bill could have on the student lettings market. “It is…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – February 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals decreased by £0.9 billion, to £3.3 billion in February,…
Read More →