Bridges acquires disused Bath site for transformational living development
Bridges and HUB have acquired a 4.5 acre brownfield site near Bath city centre, which we plan to transform into a high quality BTR and co-living development.
We’re delighted to announce our acquisition of a prominent and vacant 4.5 acre brownfield site for £18.5m, in partnership with developer HUB. Adjacent to Bath city centre, we plan to transform the site into a high quality housing-led scheme as the final piece in the wider regeneration of the Bath Western Riverside enterprise area.
The comprehensive redevelopment of the Bath site will deliver a significant number of BTR and affordable homes, alongside commercial spaces and improved public realm, creating a new mixed-use asset for the city. Our proposals will respond to growing and unmet renter demand in Bath, a desirable high growth city with only four BTR schemes currently.
The scheme will offer waterside living, adjacent to the River Avon and several other new developments. Its prime location is just an 8-minute walk to central Bath, 17-minutes to Bath Spa station, and 13-minutes to Oldfield Park station.
A major focus for the scheme will be minimising environmental impact with a highly efficient energy strategy targeting EPC A, onsite renewables, and full whole life-cycle carbon assessment throughout the development process.
The increasing demand for high quality and professionally managed homes in Bath is due to its desirability and vibrancy, fed in part by an exceptional university, strong graduate retention, its proximity to Bristol and excellent transport connections to London.
Simon Ringer, Head of Bridges’ Property Funds, said:
“We know from our previous developments with HUB that there is a strong unmet demand for high-quality, sustainably built living space in our major cities. We are looking forward to bringing this vacant site in Bath back into use, and working with the local community to design attractive, sustainable homes – in line with Bridges’ continued focus on needs-driven opportunities where there is proven demand from both occupiers and investors for the future-proofed assets that we create.”
This is Bridges’ fourteenth deal in partnership with HUB, together on course to deliver over 4,000 homes across a number of living-led developments throughout the UK.