A major £350 million regeneration project planned for a town in Surrey has moved forward.
Kier’s property business has signed a joint venture (JV) agreement with Mole Valley District Council (MVDC) to redevelop the Swan Shopping Centre and Bull Hill in Leatherhead town centre.
The two sites cover a combined area of 10.15 acres and are key projects in the “Transform Leatherhead” programme.
The wider vision of the mixed-use development includes construction of 450 new homes, commercial, retail and community spaces, and new public realm, and transport infrastructure.
The joint venture will now develop a masterplan and proposal over the next 12 months.
Preliminary works activities such as ground surveys will commence this year.
Team
- Montagu Evans (chartered surveyor)
- Freeths (legal advisors)
A formal stakeholder consultation will start in early 2024, informing a future planning application.
“We are delighted to have signed the joint venture agreement with Mole Valley District Council to deliver this important regeneration scheme for Leatherhead,” said Leigh Thomas, Group managing director for Kier Property.
Adding: “The success of this joint venture builds on our track record with public and private sector clients including, Network Rail and Watford Borough Council, in helping them regenerate underutilised brownfield sites to create new communities for the future where people work, live and thrive.”
A development notice reads: “Together we can create a legacy for the town, a place for people that stands the test of time as an exemplar of sustainable development.”
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