London-based developer First Base has acquired its first development site outside the capital in a project that will see the construction of 200 homes.
The Preston Park site in Brighton includes a derelict office building known as Anston House as well as surrounding land.
Architect Conran & Partners has been appointed as lead designer.
This will be the developer’s first project outside of London since it was founded in 2002, which director Barry Jessup said marked an important “milestone” for the group.
Mr Jessup spoke at Construction News’ inaugural Developer Forum last month, where he told delegates that his company was having to diversify its portfolio due to a change in customer demand.
He said the company, which has been predominantly residential focused to date, would be expanding into commercial development because of increasing demand in the sector.
First Base is leading on the development of the £3.6bn Silvertown Quay project in east London, in partnership with Chelsfield Properties, Macquarie Capital and the Greater London Authority.
The major regeneration project will include both residential, commercial and retail space.