7th February 2020
Folkestone & Hythe District Council has today completed a purchase of the former Folkestone Racecourse site, land owned by Cozumel Estates at Otterpool Park for £25 million.
The purchase includes the freehold of the former racecourse and several houses, a total of approximately 200 acres and also includes the ability to purchase neighbouring farmland of a further 440 acres.
Otterpool Park is a proposed garden town near Folkestone in Kent. The masterplan for the innovative scheme comprises 50% green space, up to 10,000 homes and community facilities, delivered in phases over 30 years.
In 2016, the Council and Cozumel Estates entered into an agreement to develop plans for the garden town. As part of the Government’s garden communities programme, the project has attracted funding from the Ministry of Homes, Communities and Local Government (MHCLG) and Homes England.
Speaking on behalf of Otterpool Park, Andy Jarrett said, “This is a site with fantastic potential and excellent connectivity; and is an opportunity to deliver a beautiful garden community incorporating well-designed new homes.
“Following a successful partnership with Cozumel Estates, which has seen us achieve important milestones including land assembly and the submission of the outline planning application, the council will now progress the project as the master developer.”
Cllr David Monk, Leader of Folkestone & Hythe District Council said, “We have worked productively with Cozumel Estates in an innovative public/private sector partnership arrangement and have advanced the project to a stage where the council will now take the lead.
“Otterpool Park is an exciting opportunity for us to deliver an exemplar garden town, bringing homes across a range of tenures, employment opportunities, leisure facilities, green spaces and major infrastructure improvements, together in a new, vibrant community. Our aspiration is to achieve high levels of sustainability and consider future ways of living and working in its design, so that it integrates and benefits the wider district.
Find out more at:
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@Otterpool Park on LinkedIn