Contact the Capital Investment team for more details about this opportunity

Opportunity Otterpool Park, Folkestone

Otterpool Park is a proposed garden town in Kent which offers substantial residential and commercial investment opportunities with an estimated gross development value (GDV) of approximately 2.8 billion GBP.

Otterpool Park LLP, the project delivery vehicle, would welcome discussions with investors on potential partnerships for early phases including infrastructure, housing and employment.

Contact the Capital Investment team for more details about this opportunity.

A bird's-eye-view map of the Otterpool park masterplan
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Location

Kent near Folkestone, Ashford and Eurotunnel linking to London and Europe

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Project promoter

Otterpool Park LLP and Homes England

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Scale

£2.8 billion GDV

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Sector

Retail, Commercial, Residential, Leisure, Hotel, Advanced manufacturing, Private rented sector,

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Investment type

Joint ventures, partnering or infrastructure investment

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Planning status

Site allocated in draft local plan and outline planning application submitted

Map showing the major roads and railways between London, Ashford, Canterbury and highlighting Otterpool Park Location

Project background

Otterpool Park is around 700 hectares (1,729 acres), set between Folkestone and Ashford. The proposal comprises around 10,000 homes and approximately 100,000 square metres (1 million square feet) of commercial floor space with supporting infrastructure including transport improvements.

About the project

The vision for the new community includes:

  • high quality and innovative design
  • community facilities including schools, health facilities and local services
  • cutting edge technologies
  • local employment opportunities
  • strategic landscaping, parks and open space
  • high quality public realm

The site has excellent transport links. Westenhanger Station, on site, has direct trains to Charing Cross, Folkestone and Ashford International with services to Paris (2 hours), Brussels (3 hours) and London via HS1. The Channel Tunnel is 5 minutes away and the Port of Dover 25 minutes.

The surrounding landscape includes the Kent Downs Area of Outstanding Natural Beauty. The site is also close to the seaside town of Folkestone which offers beaches, a thriving cultural scene and a good range of services including shops, further education and health facilities.

Promoters and partnerships

Folkestone & Hythe District Council controls around 72% of the site through ownership and land options, and has established a bespoke delivery vehicle - Otterpool Park LLP – to act as master developer for the project. The LLP is looking for partners to work with it on building out the site.

Central Government granted the project garden towns status in Nov 2016, has provided 3.5 million GBP capacity funding and assistance with unlocking issues across government. The project is supported by the South East Local Enterprise Partnership.

Engagement with local communities and stakeholders started in December 2016 and is ongoing. This includes Kent County Council, neighbouring authorities, businesses, parish councils, statutory agencies and the local community.

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Find out more about Otterpool Park.