The developer says plans for a £70m development will be brought forward in the new year
Eutopia has purchased an eight-acre site from Network Rail for a £70m housing-led scheme next to Gloucester City train station.
The brownfield developer wants to build a scheme of around 300 homes on the site and will bring detailed proposals forward early in the new year.
Eutopia is planning to deliver a “mixture” of single-family rental properties alongside apartments on the site.
The acquisition is the third Eutopia has made from Network Rail having previously bought sites near Exmouth Junction railway station in Exeter.
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Eutopia Homes was founded by former Essential Living founder Scott Hammond in 2017. It has a pipeline worth £365m primarily on brownfield sites in regional cities.
Hammond said: “We are excited to bring forward this complicated brownfield site for a new balanced community of homes for sale and rent.”
The acquisition was funded by investment firm Chenavari Investment Managers.