A joint venture between Berkeley Group and M&G Real Estate is preparing to take on the first stage of a 500-home redevelopment of part of Guildford town centre.
The council has exchanged contracts with the St Edward jv to develop the North Street site as the first phase of the Friary Quarter, which will include 500 homes as well as retail, leisure and amenity space.
The North Street redevelopment will see the street pedestrianised, with a new park, town squares and space for traders. A planning application is expected to be submitted in the summer.
Councillor John Rigg said: “I am delighted, after seven or eight previous failed schemes on this site over three decades and two years of hard negotiations, we are now under contract with one of the country’s leading housing developers, able and enthusiastic to bring forward such a fantastic regeneration scheme.”
To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews
