Solum breaks ground on Guildford Station project
Solum Regeneration – a joint venture between Kier Property and Network Rail – has now started construction work to deliver the first three phases of a GBP200 million redevelopment scheme at Guildford Station.
JJ Rhatigan and KN Circet have started on site with the enabling works and have also been appointed by Solum to deliver a first phase, comprising of 98 new homes and a 640-space multi-storey car park.
The overall project will be delivered in a number of phases, providing 440 new homes as well as GBP25 million of station improvements which will include significant benefits to the community, a new station building, an integrated transport interchange, a new multi-storey car park, improved public realm and the widening of Walnut Tree Close.
Last year, Solum also announced a forward fund deal with Grainger plc, the UK’s largest listed residential landlord and leader in the UK private rented sector (PRS). Grainger agreed to forward fund and acquire a 98-home ‘build to rent’ development at the station worth GBP37 million.
Alan Jones, development director for Solum, says: “The commencement of these works at our Guildford Station development is a significant achievement that we have worked towards over several years with a number of stakeholders all contributing to reach this milestone. Completion of these initial build contracts will deliver both the first tranche of new homes in Guildford and also a new multi-storey car park.”
Stuart Kirkwood, Group Property Director, Network Rail, adds: “This is an exciting scheme, which will not only provide major station improvements, but also deliver much-needed housing in Guildford. It’s great that work can now get underway and the start of construction is a significant milestone for the project. We’re proud to be part of the team delivering jobs, homes and a better experience for passengers and the wider Guildford community.”