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19/04/2013

Green Light For £80m Housing Development

Evolution, a consortium between Kier Project Investment and Thames Valley Housing, has been granted planning permission to develop an £80m housing scheme by Woking Borough Council.

The 9.5-hectare site near Moor Lane, Woking, will be developed to create 371 new homes. Of these, 224 will be available as affordable social rented housing and the remaining 147 homes will be for private sale. Kier will construct the properties and Thames Valley Housing will manage and maintain the social housing over the 25-year contract.
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Construction work will commence during the summer.

Nigel Turner, managing director of Kier Property, said: "We are thrilled to have achieved this important milestone and we look forward to working with Thames Valley Housing to progress the development. The mixed tenure scheme will play an important part in addressing the area’s housing shortage and also creates long-lasting community benefits through a designated fund for the use by the local community."

(CD/H)



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