Rydon awarded £11.3m Surrey affordable housing and retail scheme


July 2013

Thames Valley Housing Association (TVHA) has appointed Rydon as their delivery partner for a new £11.3m development on the site of the former Newman House office block in Horley, Surrey.

The scheme will comprise 90 one and two-bedroom apartments with shared courtyard space built above 1,100 square metres of commercial space and car parking for 89 vehicles. It will be six storeys at its highest point and will occupy a central location on the corner of Victoria Road and Russells Crescent.

75 homes will be available through TVHA on a shared ownership basis with the remaining 15 available through affordable rent. The retail space will comprise one large unit of around 500 square metres and three smaller units of around 200 square metres.

Mark Mitchener, Managing Director, Rydon Construction comments:

“We are pleased to be working on this prominent part of Horley’s regeneration with Thames Valley Housing Association. The new building will provide modern, affordable homes and commercial space in a package complementing its high street location.”

“This is a significant scheme for the town and we will ensure local sub-contractors reap the benefits throughout the construction process. We also intend to support the next generation of the construction industry through a training programme for young people in the area.”

The development is due for completion in spring 2015 and forms part of the master plan for the regeneration of Horley, which includes 2,600 new homes, better public transport as well as enhanced recreation and leisure facilities.

Geeta Nanda, Chief Executive Officer of Thames Valley Housing added:

“We’re delighted to be working with Rydon on a proposal that will help to regenerate this important site in Horley town centre and improve its vitality by providing quality affordable homes both for rent and for shared ownership.”

“The new homes have all been designed to a very high standard and are very local to supermarkets, shops and other amenities.  The homes for sale been designed to appeal to professional people wanting to get onto the housing ladder, ideal because of the close proximity to the London to Brighton mainline and to Gatwick as well as the town centre.”

This latest contract award highlights Rydon’s considerable expertise in the housing sector and follows the recent announcement of five separate contract wins totalling over £25m of affordable, shared ownership and private sale homes across London and the South East.

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