Up to 200 new homes are to be built in Hampshire, England.

Wates Residential has joined forces with Homes England to deliver the new residential development at the former Royal Naval Air Station at Lee-on-Solent.

The Daedalus Waterfront will see £25 million invested to regenerate the site, with the properties consisting of 120 private homes and 80 'affordable' homes.

The new homes will be some of the first built under the Direct Commissioning Initiative, which is designed to enable the Government to fast-track the building of homes on publicly owned land and diversify housing delivery.

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Work is scheduled to start on site in summer, with completed expected for summer 2020.

Paul Nicholls, Managing Director, Wates Residential, said: "Our partnership with Homes England is an important step in unlocking the future prosperity of this historically important location.

"We're confident that the innovative proposal we've put together will help fulfill the housing needs of the local area, and we're committed to ensuring our work on the project has a significant socioeconomic impact on Gosport and the wider Lee-on-Solent region."

Stephen Kinsella, Executive Director, Land at Homes England, added: "It is great to announce the deal with Wates Residential, creating much needed homes and generating employment for local people."

(LM/MH)