Get Living and Watkin Jones have agreed a £71m forward funding deal to deliver 214 new rental homes at Randalls Way in Leatherhead, Surrey.
The development will be the first operational BTR scheme in Leatherhead and, on completion, will offer residents one, two and three-bed apartments, including 36 discount market rent homes and 3,000 sq ft of resident amenity space.
It is Watkin Jones and Get Living’s second deal this year. In April, the pair agreed £136m forward funding deal to deliver 551 BTR homes at Sherlock Street in Birmingham.
The site on Randalls Road was previously a food research centre and is currently vacant. The neighbourhood will be managed and operated by Get Living, with completion expected in early 2025.
Get Living was advised by Bryan Cave Leighton Paisner; Addleshaw Goddard acted for Watkin Jones.
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