Homes England has confirmed Daedalus Development Company – a joint venture between MurrayTwohig Development, Orwell Real Estate and Patron Capital – as development partner for Daedalus Waterfront. Their development vision for this 42-acre site is for a creative, revitalisation of this historic waterfront site with a targeted, industrial innovation strategy and mixed residential community.
From 1914 until 1996, RNAS Lee-on-the-Solent, HMS Daedalus was a site of extraordinary energy, innovation, and vibrancy. Home and workplace to thousands, the engine of an entire community and a point of pride for the nation.
The site was established as a seaplane base in 1917, during the First World War. In 1931 the first grass airstrip at Lee was constructed and by 1936, it became RAF Coastal Command. During WWII the site played an important role in the invasion of Normandy and a major embarkation centre for D-Day. Following the war the site continued as a Royal Navy Air Station. In 1962 the Joint Service Hovercraft Unit was formed with the aim of testing hovercraft in an operational military environment, and soon after the Air Station reverted to the name HMS Daedalus. The Hovercraft Museum remains on site to this day.
In the last few years, the site has been largely empty and dormant. In 2020, Homes England marketed to find a partner to realise the comprehensive regeneration of Daedalus Waterfront. Homes England were looking for a partner and a scheme that would provide an economic boost to the local economy, as well as much needed housing, while protecting and reinvigorating the collection of historic and listed assets.
In 2022, Homes England confirmed Daedalus Development Company as the development partner to realise Daedalus Waterfront. Daedalus Development Company led a world class team with a response that prioritises industrial and innovation jobs and restores heritage, to create a living community seeded in history.
Our ambitious vision, designed by master planner ACME, is for a creative revitalisation of this historic waterfront site.
Daedalus Development Company has experience on over 400 million square feet of mixed-use property across the world, and will work in collaboration with the local community, and all stakeholders, including the local authority and Historic England, over the coming years to solve this challenging and historic site.
We will be engaging with the local community over the coming months to present the initial vision that was developed as a requirement of Homes England’s tender process. We will host a series of meetings and events with the community, maintaining an ongoing conversation as designs evolve and we look forward to hearing your views. We will then move towards an outline planning application for the entire project towards the end of 2022.
Please get in touch through the contact form below if you would like to hear more. We want our conversation with the local community to begin now, so you can be part of our vision to bring innovation, excitement and energy back to Daedalus.
The Daedalus Development Company is a joint venture between MurrayTwohig Development, Orwell Real Estate and Patron Capital.
MurrayTwohig Development is a development company founded by William Murray and David Twohig and the development arm of their place strategy consultancy MurrayTwohig Place Strategies. MurrayTwohig (previously Wordsearch Place) was founded in 2018 and has provided vision and real estate strategy on over 300 million sq.ft. of development with a project value in excess of $200 billion, including at Battersea Power Station and Earls Court in London, Berlin’s Sony Centre, San Francisco’s Transamerica Pyramid San Francisco and The 78 in Chicago.
Orwell Real Estate provides professional development management services to private clients and institutional funds across the UK. We undertake a comprehensive advisory across the full spectrum of the development cycle from acquisition, planning, legal and construction.
Patron Capital is a real estate investment manager whose strategy is to back local partners and management teams in growing their respective business and investing in property. Since it was established in 1999, Patron has undertaken more than 170 transactions across 90 investments and partnerships involving over 65 million square feet (6 million square meters) in 17 countries.