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. Construction work will commence during the summer.
Cllr David Bittleston, Woking Borough Portfolio Holder for Housing said, “We are delighted that the development has had the go-ahead. The Council is committed to supporting the Governments’ growth agenda and this development will provide much-needed affordable houses for local people and a major boost for employment in the local area.”
Nigel Turner, managing director of Kier Property, added, “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.”
Geeta Nanda, CEO of TVH, said, “We are delighted to have led this consortium to supply much-needed affordable homes in Woking. It is great that we have been granted planning permission so we are one step closer to getting new homes built and lived in.”
Evolution’s team of professional advisors included PRP Architects, Tully De’ath (engineering), Trowers & Hamlins (legal) and Grant Thornton (financial).