Property firm signs joint venture agreement for Leatherhead redevelopment
Kier Property has signed an joint venture agreement with Mole Valley District Council to redevelop Bull Hill and the Swan Centre within Leatherhead town centre.
The redevelopment covers a total of 10.15 acres of space in the Surrey town and will deliver a final estimated gross development value of around £350m.
A formal consultation will commence in early 2024 allowing businesses and residents to give their views on the redevelopment, which will look to deliver new retail, commercial, and residential property as well as public realm space.
The two sites up for development are seen as key projects in the wider ‘Transform Leatherhead’ scheme.
Leigh Thomas, group managing director for Kier Property, said: “Our team has worked extremely hard to collaborate with the council and we are excited to be entering the next phase in the ‘vision’ to make Leatherhead a distinctive, enterprising and highly regarded location.
“The success of this joint venture builds on our track record with public and private sector clients including, Network Rail and Watford Borough Council, in helping them regenerate underutilised brownfield sites to create new communities for the future where people work, live and thrive.”