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Sentinel’s Chapel Hill housing project one step closer to completion

Sentinel’s Chapel Hill housing project one step closer to completion

Strategic agreement also agreed for Shinfield West, Reading

Trowers & Hamlins is pleased to announce that long-standing client Sentinel Housing Association has exchanged contracts on its Chapel Hill housing development project in Hampshire.  Trowers & Hamlins has been advising Sentinel on the project since the initial site acquisition in 2012.   

The £110 million Chapel Hill project will see over 570 private and affordable housing units delivered in Basingstoke through a partnership between Sentinel, BDW Trading and Barratt Developments PLC.  This major development will include more than 245 new build houses, 275 new build apartments, and the conversion of a locally listed structure into 56 apartments.

Mike Shepherd, Development & Regeneration Director of Sentinel Housing, commented:  "We are very happy to have reached this significant milestone in the Chapel Hill project.  We are committed to providing high quality, family homes in Hampshire, and this project – as well as several others we have underway – brings us closer to achieving our aims.  We are grateful to Trowers & Hamlins for their invaluable advice on this project so far."

Julian Keith, Real Estate partner at Trowers & Hamlins, added:  "Chapel Hill is an exciting new project in the heart of Basingstoke, and we are delighted to see this project being brought to life."

Chapel Hill is one of three significant development projects currently underway by not-for-profit Sentinel.  Dextra Court and Freemantle Close/Taverner Close, also both in Basingstoke, will see additional new housing stock created in the area, which will bring Sentinel's locally managed portfolio to more than 9,000 properties.  Trowers & Hamlins is providing legal and affordable housing expertise on the trio of projects.

In addition to the Basingstoke projects, Trowers & Hamlins is also advising Sentinel Housing on its new joint venture with Bloor Homes UK, Bovis Homes, and Linden Homes to acquire a site in Shinfield from the University of Reading.  The site, just south of Reading and valued at around £100 million, will see approximately 1,000 new housing units delivered.  Sentinel Housing will take at least 168 of the affordable dwellings within the development, valued at over £30 million.