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Wed June 16 2021

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Go-ahead for Kier’s £80m Woking development

19 Apr 13 Kier will start construction on an £80m housing development in Woking this summer.

The developer is Evolution, a consortium of Kier Project Investment and Thames Valley Housing.

The 9.5 hectare site near Moor Lane in 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 build the properties and Thames Valley Housing will manage and maintain the social housing over the 25-year contract.

After granting planning permission this week, Woking borough councillor David Bittleston, who has the housing brief, 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.”

Kier Property managing director Nigel Turner 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 and also creates long-lasting community benefits through a designated fund for the use by the local community.”

Travis Perkins development also approved

In a separate development, Kier Property has secured planning consent for a £6.5m industrial development in Bracknell, under the company’s Trade City banner.

With Travis Perkins Builders Merchant having already signed a 26,742sq ft pre-let, Kier Property is now in discussions with several potential occupiers for the remaining 11,387sq ft of the £6.5m development.

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Travis Perkins will have separate sheds for Travis Perkins Builders Merchant, Toolstation (which it acquired last year), Tile Giant and City Plumbing Supplies.

The development is on the site of Bracknell’s old 3M building.

Kier Property development manager Adam Courtenay said: “This is great news for our Bracknell site and the planning permission brings certainty the scheme will be delivered, allowing us to continue to grow our Trade City portfolio. We look forward to signing up the other occupiers in the coming weeks and progressing towards a formal start on site.”

The Trade City scheme focuses on delivering flexible solutions for occupiers; over one million sq ft has already been developed with more space now being rolled out.

Last year Kier Property recorded profits of £22m and has a development pipeline of over £1bn.

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