Thames Valley Housing (TVH) 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 completed scheme 'Russell Square' comprises 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 is six storeys at its highest point and occupies a central location on the corner of Victoria Road and Russells Crescent.
75 homes were made available through TVH on a shared ownership basis with the remaining 15 available through affordable rent. The shared ownership homes were available from 40% shares, ensuring local people could afford to buy. The rented homes offered local families the opportunity to benefit from a 20% discount on their monthly rent.
The retail space comprises one large unit of around 500 square metres and three smaller units of around 200 square metres.
Geeta Nanda, Chief Executive Officer of Thames Valley Housing, said: “We’re delighted to be involved with 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 shared ownership and rent.
“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 have 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.”