Plans for 600 new homes, industrial park and a new flagship IKEA is debated by local property professionals
One of the biggest proposed residential and commercial property schemes on the Sussex coast in decades was scrutinised at the latest meeting of the Sussex Property Alliance (SPA).
As one of the leading independent property agencies in West Sussex, it’s important we have our finger on the pulse and keep up-to-date with the latest developments in the area. So, it was with much anticipation, that we recently put together the latest SPA meeting; where thoughts and opinions of the plans for Ikea’s first Sussex store were greatly deliberated.
The Sussex Property Alliance is a regular forum where property professionals within the local Sussex area get together, exchange ideas and build relationships. The focus at the latest meeting last week was very much towards the new proposed plans for the New Monks Farm development in Lancing; which if given the go-ahead would create 600 homes, a school, a 28-hectare country park and a 35,000 sqm flagship IKEA store. There are also separate plans to build 25,000 sqm of employment space at the adjacent Brighton City Airport.
Speaking at the event, held at the Airport, James Appleton, Head of Planning and Development at Adur and Worthing Councils, said “The New Monks Farm application will likely be determined in the first few months of next year. Aside from the numerous environmental, heritage and highways objections to be considered, overall scheme viability is a key issue and the applicants claim that the delivery of the development was heavily reliant upon the proposed IKEA store had to be tested.”
Considerable concerns have been raised by the local community about additional congestion on the A27 because of the IKEA store, but Mr Appleton stressed that the application was not expected to deal with the wider A27 problems, but had to demonstrate that it would mitigate the impact of the additional development traffic on the trunk road.
Mr Appleton added: “The two planning applications were promoting more development than envisaged by the ‘Local Plan’ and had provoked considerable opposition. The local planning authority will have to weigh up the benefits of the schemes in terms of new homes, jobs and economic development with the impact on the local environment, heritage and local infrastructure. The applications are hugely complex”.
Steve Berrett, our Commercial Director who co-organised the event commented “These are major but very controversial planning applications and we were pleased James Appleton was able to come along and speak to our guests to explain the challenges faced. There will be understandably much local opposition, whilst other people will argue that this will put Lancing on the map and focus on the knock-on benefits that this could bring. It will be interesting to follow the planning stages over the next few months.”
We will be watching the future of this major development with interest. Our Lancing Sales office recently carried out a study that showed prices have risen by an average of 46.5% since 2013 over a range of properties sold in the Lancing area, due to recent developments and national chains now moving into the local area. This is an additional 9% increase, over and above the Nationwide House Price Index for the South East, which calculated house prices in this area have generally risen in the same time by just 37.5%.
Content accurate at time of publishing.