Kier is to construct an 拢80m housing scheme in Woking after winning planning approval from the borough council

The 9.5 hectare site, near the town鈥檚 Moor Lane, will now be developed with 371 new homes by Evolution, a joint venture between Kier Project Investment and Thames Valley Housing.

Of the homes, 224 will be affordable social rented housing and the remaining 147 homes will be for private sale.

Kier will construct the properties, beginning this summer, and Thames Valley Housing will manage and maintain the social housing over the 25-year contract.

Nigel Turner, managing director of Kier Property, said: 鈥淲e are thrilled to have achieved this important milestone and we look forward to working with Thames Valley Housing to progress the development.

鈥淭he mixed tenure scheme will play an important part in addressing the area鈥檚 housing shortage and also creates long-lasting community benefits through a designated fund for the use by the local community.鈥�

Evolution鈥檚 team of professional advisors included PRP Architects, Tully De鈥檃th (engineering), Trowers & Hamlins (legal) and Grant Thornton (financial).

Topics