Evolution, a consortium made up of Thames Valley Housing (TVH) and Kier, has been granted planning permission by Woking Borough Council to develop 224 affordable homes for local people in housing need.
The £80m deal will deliver a mixed tenure development of 371 homes including 147 homes for sale on the open market. The affordable houses and flats will be made up of mainly 2, 3 and 4 bedroom properties, in response to Woking’s need for family homes.
Kier will construct the all the properties, with TVH managing the affordable homes over the life of a 25 year PFI contract, and then beyond for the lifetime of the homes.
Geeta Nanda, CEO of TVH, said, “We are delighted to have led this consortium to supply these 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.”
Councillor 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 and will also create long-lasting benefits through a designated fund for the local community.”
Evolution was chosen as the preferred bidder by Woking Borough Council in December last year. Construction on the homes is scheduled to start later this year.
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