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Positive planning decision for U and I Group’s Kingstanding scheme in Tunbridge Wells

U and I Group has announced that a positive planning decision has been made in favour of its Kingstanding trading scheme on the outskirts of Tunbridge Wells in Kent. U and I says that all planning matters have been addressed by the planning committee and the scheme is only subject to the resolution of Highways Mitigation measures and completion of the standard procedural and judicial review process.

About the Kingstanding trading scheme

U and I says that its Kingstanding scheme has a £200 million Gross Development Value and will transform 30 acres of unused land 3.5 miles from the centre of Tunbridge Wells into a thriving new business community that will address the severe shortfall of office and industrial space in the area, whilst also providing local infrastructure improvements.  The scheme delivers c.800,000 sq.ft. of flexible warehouse and office accommodation centred around a parkland landscape and a water feature and will accommodate a café and other essential amenities for occupiers.

U+I and the landowner are in detailed discussions with a potential occupier for a significant part of the scheme. U and I says that the project will deliver some initial land improvement and development profits for it in FY2021 and that it expects to see additional development profits as further phases are developed.

Comments from Richard Upton, Chief Development Officer at U+I

“U+I is now a step closer to unlocking the potential in this unused greenbelt land just outside Tunbridge Wells town centre as a thriving new business destination and community space, with nature and wellbeing at its heart.  With demand for office and industrial space far outstripping supply, Kingstanding will attract firms from a range of backgrounds to a workspace inspired by the outdoors and fit for the modern era. It will create over 4,000 new jobs, stimulating significant economic growth.”

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