News1st August 2008 Altira Business Park in Herne Bay wins Planning Appeal to build a hotel and restaurant
Kitewood the Kent based property developers have this week won an appeal decision to build a new 50 room Premier Travel Inn and Brewers Fayre family restaurant on Altira Business Park in Herne Bay, Kent. Joe Crawley, Kitewood’s Managing Director said “We have commenced building Altira Business Park this year and are thrilled with this decision. The Whitbread hotel and restaurant will play a crucial role in providing leisure facilities for our occupiers on the business park. We welcome this decision from Canterbury Council and look forward to continuing with our build programme for Altira Business Park, which is attracting new interest every week. In addition to Whitbread we will be making announcements of other new occupiers next month!” |
Although the Kitewood Group is primarily focused on property development, an investment subsidiary has been created with the aim of retaining as investments elements of developments (or whole developments) where and when appropriate.
The main purpose for the investment business is to strengthen the Kitewood Group’s corporate covenant by counter balancing the earnings volatility inherent in property development, enhancing net assets, and providing further financial security.
Listed below are a few of Kitewood’s initial investments.
Investment Portfolio
29 Clapham Park Road, London SW4
A high quality development of eight private 1 and 2 bedroom flats, let on assured short-hold tenancy agreements, located close to Clapham Common Underground station.
Altira Business Park, Herne Bay, Kent
This is a commercial development of 500,000 sq. ft. where Kitewood has obtained planning permission for B1, B2 & B8 uses. Kitewood aims to attract both freehold and leasehold occupiers to this site over the next 3 years.
One of the first occupiers will be the Driving Standards Agency (DSA) who have agreed to take a long-lease. A DSA motor bike test centre which includes both offices and a driving track is currently under construction.
Southbury Road, Enfield
A mixed development scheme which consists of 123 mixed tenure flats that will be developed for L&Q and Tower Homes. Kitewood Investments are retaining two retail units totalling 4,500 sq. ft., which will be let to retail tenants on long leases.
For further information regarding our investments contact: info@kitewood.co.uk
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