Kier Property and Mole Valley District Council have formed a 50-50 joint venture partnership to deliver the £350m Swan Centre and Bull Hill schemes in Surrey.
The two sites span across 4ha (10 acres) and are two key projects of the “Transform Leatherhead” initiative.
The partnership agreement was signed on 9 October, and the jv will work to further develop the masterplan and proposals over the next 12 months.
Formal stakeholder consultation will begin in early 2024, which will allow residents and businesses to support and help shape the planning application for the much-needed delivery of residential, commercial and retail space, as well as public realm, that will re-energise Leatherhead town centre.
Leigh Thomas, group managing director at Kier Property, said: “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.”
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