Watkin Jones exchanges contracts for the acquisition of a consented Build to Rent development in Leatherhead, Surrey. The 3.8 acre site on Randalls Road was previously a food research centre and is now vacant.
The c£71m GDV scheme will deliver 214 new homes – a mix of one, two and three bedroom apartments, including 36 affordable homes. Watkin Jones will start on site imminently, and completion is expected in 2024. The scheme will be the first operational Build to Rent project in the town and is close to the shopping and hospitality of the centre of Leatherhead, as well as the River Mole Nature Reserve and Leatherhead Park.
The Home Quality Mark ‘Level 3’ development offers strong ESG credentials – featuring air source heat pumps and a high green space provision with a large landscaped central courtyard. The development is well positioned for sustainable transport, located a short walk from Leatherhead railway station, which offers access to Central London in under an hour and the open spaces of Box Hill in five minutes.
“I’m thrilled that we will bring the first Build to Rent development to Leatherhead. This scheme will regenerate a vacant brownfield site to offer an amazing and sustainable lifestyle for residents, with nature on the doorstep alongside easy access to the capital.
“After a record 2021, Watkin Jones is continuing to actively invest in Build to Rent locations throughout the country as we match very strong and growing demand from both residents and institutions.”Alex Pease, Chief Investment Officer, Watkin Jones