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Sun September 08 2024

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Wates signs £86m Guildford partnership

25 Jul Guildford Borough Council has selected Wates Group to put up a housing development on the site of a car park in the town centre.

CGI of the planned development, although design remains subject to consultation
CGI of the planned development, although design remains subject to consultation

Wates has been appointed to work in partnership with the council on an 拢86m house-building project to in Guildford.

Wates will build 248 new homes with a commitment to 40% affordable housing. Guildford Borough Council has committed to buying the affordable units for 拢39.7m to add to council stock.

The initial proposals include 98 new affordable rent and shared ownership homes. The scheme will deliver a balanced mix of one-, two-, and three-bedroom flats, with some townhouses.

While the final design is subject to public consultation, there is a commitment that it will be designed to meet and exceed Future Homes standards and deliver a 30% biodiversity net gain.

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