Another key city centre site has been acquired by Homes England as plans to deliver new homes in the city centre continue to gain momentum.
The Money Centre is the latest building in Plymouth’s Armada Way North area to be acquired by the Government’s housing and regeneration agency.
It comes just weeks after the agency announced exploratory works would begin on three parcels of land: the Former Good Companions, Congress Hall and Mayflower House – the latter two of which overlook the new Armada Way public realm regeneration scheme.
These sites, which have been acquired over the past 13 months, form the backbone of regeneration in Plymouth city centre through a collaborative approach between Homes England and Plymouth City Council, and the utilisation of the Council’s nearby assets.
Homes England have already put in place extra security measures to deter trespassers from entering the site.
Last June Homes England and Plymouth City Council signed a Memorandum of Understanding to secure a series of transformative investments, acquisitions and developments to support an ambitious programme of housing-led growth of Plymouth’s City Centre. The partners are now working towards the ambition of creating over 10,000 new homes in the city centre.
Paul Dawson, Homes England Assistant Director of Acquisitions and Partnering said: “Our team continue to work tirelessly alongside Plymouth City Council and landowners to help deliver large scale regeneration for the people of Plymouth. The agency’s role is to help local leaders deliver on their visions for new homes and thriving places – from acquiring land to supporting the creation of much-needed community facilities – and we are excited to play our part in delivering Armada Way North as part of our work across the city.”
Councillor Mark Lowry, City Centre Champion said: “Another acquisition in our city centre. This is another very visible sign of Homes England’s commitment to create new homes on a scale we have not seen since just after the war.
“This is such an exciting time for the city centre. We have begun work on the City Centre Framework and masterplan that will look at how these homes can be delivered with the right infrastructure, transport and green space in place.
“We are already seeing huge and positive change in the city centre with our regeneration schemes. With £4.4 billion investment in the Dockyard and 15,000 new jobs forecast, we need these new homes in the city centre to support economic growth and national security.”
