YTL Developments, the company behind the vast Brabazon regeneration project on the former Filton Airfield, has signed a partnership agreement with Sovereign Network Group (SNG), one of the UK's largest housing associations, to deliver 1,700 affordable homes as part of the scheme. The deal aims to tackle the region's housing crisis, according to the developer.
Partnership aims to address housing challenge
The Malaysia-based firm said the collaboration would help "address the full breadth" of the housing challenge across the region. The Brabazon development, when completed, will feature around 6,500 homes, alongside student accommodation, offices, community facilities, 86 acres of parks and green space, and the new Bristol Brabazon train station. The development was one of seven areas in the UK to receive town status from the government last year.
Under the agreement, YTL Developments and SNG will provide affordable homes to support the housing demands of the growing urban area. SNG already has a strong presence in the area, with some 1,700 homes across Bristol and South Gloucestershire, and has delivered around 30 per cent of the affordable homes already built at Brabazon.
Developer and housing association share ambitions
Seb Loyn, director of planning and development at YTL Developments, said: "Partnerships are the only way to address the full breadth of the housing challenge. By working together, we can combine expertise, resources and ambition to deliver the quality homes and thriving communities that people need."
SNG and YTL Developments are also in advanced negotiation to establish a long-term SNG office base within one of Brabazon's flagship commercial buildings. The masterplan for Brabazon includes more than three million sq ft of office and employment space.
Long-term commitment to South West regeneration
Charlie Stevens, SNG's regional managing director for the West, said: "SNG and YTL Developments share an ambition to create well-designed, thriving neighbourhoods and support the long-term success of one of the South West's most significant regeneration projects. This partnership will help us to develop innovative solutions that balance housing need with residents' aspirations, while ensuring new communities remain financially sustainable, inclusive and great places to live."
The partnership marks a significant step in the delivery of affordable housing at Brabazon, which is one of the largest regeneration projects in the South West. With the development expected to take several years to complete, the collaboration between YTL Developments and SNG is set to play a crucial role in shaping the new community.
