90 affordable homes built by Rydon officially opened in Horley


July 2015

A brand new development of 90 quality affordable homes in the centre of Horley has been officially unveiled by Sam Gyimah MP at an event hosted by Thames Valley Housing and Rydon.

Russell Square, also known as Newman House, has been built by Rydon for Thames Valley Housing, working in partnership with Reigate & Banstead Borough Council.

The scheme provides 75 homes for shared ownership and a further 15 for affordable rent.

It is six storeys at its highest point and occupies a central location on the corner of Victoria Road and Russells Crescent, near the railway station.

The size, number, design and cost of the new homes have all been tailored to meet the specific housing needs of the borough and are comprised of one and two bedroom flats.

Opening the new homes was Sam Gyimah, MP for East Surrey. He said: "For many, picking up the keys to your own home is a dream come true. As a shared ownership scheme, the new apartments at Russell Square are an affordable option to give Horley residents the chance to realise this dream. I am delighted to welcome this development for our community."

TVH Development Director Guy Burnett said: “Russell Square couldn’t have been possible without the commitment of our partners, Reigate & Banstead Borough Council, and Rydon. The development will contribute greatly to the changing face of Horley’s town centre, providing affordable places to live for local people.”

Ben Finch, Contracts Manager at Rydon, added: “Russell Square is a landmark development for Horley and Rydon is pleased to have been part of the project team. We have also ensured the local economy has benefited during the build process, with local construction trainees and tradespeople contributing to its success.”

Councillor Victor Broad, Leader of Reigate & Banstead Borough Council, who was also present, said, “This represents a major step in the regeneration of Horley town centre. Importantly, it will enable local people to benefit from much needed new affordable homes and for those who part-buy through shared ownership, to get on the housing ladder. The scheme’s retail units, which will be retained by the council, along with the new residents’ spending power, will make an important contribution to the local economy.”

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