Kier’s property arm has been appointed to regenerate the centre of Leatherhead.
The contractor was named as Mole Valley District Council’s joint-venture (JV) associate to regenerate a ten.2-acre stretch of the city. It’s divided into two plots, Bull Hill and the Swan Centre.
Within the area of eight to 10 years, the council and Kier Property will develop 450 flats, 3,000 sq. metres of workplace area and 600 sq. metres of neighborhood hub floorspace within the space often known as Bull Hill. Two-thirds of the location, which sits subsequent to Leatherhead Station, is at present brownfield.
Over the identical interval, the Swan Centre (pictured) shall be developed into about 50 new residential items, 40,000 sq. toes of retail area, 12,000 sq. toes of workplace area and a 70-bed resort.
The 2 initiatives have a gross growth worth (GDV) of £350m.
The authorized aspect of the JV nonetheless must be ironed out, whereas the 2 teams hope to start contacting stakeholders this summer time to begin engagement and broaden the marketing strategy. The outcomes of the general public engagement will then be used within the upcoming planning utility.
“[The project will] improve the leisure, leisure and cultural providing of the city centre, enhance accessibility, work with companies and ship a lovely city centre, offering a high-quality public realm and important social worth for Leatherhead,” mentioned Kier Property managing director Leigh Thomas.
Property consultancy Montagu Evans labored alongside authorized advisors Freeths LLP and the council to nominate a JV associate for the undertaking.
Montagu Evans associate John Percy mentioned the scheme can be “really transformational” for Leatherhead.
“[It will bring] ahead a wider vary of makes use of to higher serve the local people and contribute to the world’s financial development,” he added. “It’s a transparent reflection of how the market is evolving and the necessity to suppose in a different way about our city centres, from drivers of change proper by to supply methods.”
The 2 initiatives comprise a part of the larger Rework Leatherhead plan, which entails the event of a mixed-use scheme of 35 reasonably priced properties, a brand new neighborhood area and a brand new park. The event associate is ready to be introduced in June. Final 12 months, the council accomplished one other a part of the bumper undertaking, efficiently shoring up 75 properties with flood resilience measures.
Kier’s appointment on the regen job comes weeks after it scooped a £70m regen job in February, to ship 125,000 sq. toes of workplace area, a 116-bedroom resort and leisure area in Gloucester.