Developer Eutopia Homes has bought an eight-acre site next to Gloucester Railway Station, with plans to invest £70 million in building up to 300 new homes on the brownfield site.
According to the firm’s founder and chief executive, Scott Hammond, a growing confidence in Gloucester has influenced the decision to invest in the city.
Eutopia is expected to submit its plans in early 2022 to transform the old railway sidings between the station and Great Western Road into a mixture of flats and houses for sale and rent.
Hammond said: ‘Recent investment by the University of Gloucestershire for the acquisition of the old Debenhams store for a new campus, along with the city council’s recent investment in driving a new cyber hub for the UK in close proximity to Gloucester City Council’s headquarters, will bring more employment to the city, which in turn will drive up the demand for high-quality housing.’
He added that the scheme would deliver ‘well-designed, high-quality and accessibly priced’ accommodation.
Gloucester City Council is currently working with developer Reef Group to deliver The Forum Digital, a £107 million scheme to regenerate King’s Square in the city centre.
The former Debenhams building forms one side of King’s Square and is due to benefit from a share of £20 million of Levelling-Up Fund, with the rest going towards The Forge, a new cyber-focused business centre and Dowdeswell’s planned redevelopment of the former Fleece Hotel.
Investment to redevelop Gloucester Railway Station is also ongoing.
By Andrew Merrell
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