Willmott Dixon’s residential arm has been given the green light for a 560-home scheme in Woking.
Willmott Residential will develop three residential towers of 17, 25 and 34 storeys in height under its Prime Place brand.
The development, situated near Woking town centre and train station, will also include 10,000 sq m of office space, retail space, public realm and leisure facilities.
Willmott Residential was formed by the merger of Willmott Dixon’s housing and regeneration arms in May this year.
Willmott Dixon is understood to be considering selling or floating the residential arm, with a decision expected by the end of the year.
The Woking development brings Willmott Residential’s existing pipeline up to 7,500 homes, either for sale through its Prime Place brand or built to rent through its be:here business.
Other projects being developed by Prime Place include Millbrook Park in Barnet, where Willmott Dixon will build 159 homes for private sale and 29 for affordable rent across a 1.1 ha site.
The development was given the green light in August this year.
Prime Place is also acting as development partner with Westminster City Council to build two leisure centres at no cost to the council, by cross-funding the facilities by building 155 homes in the borough.
Willmott’s be:here brand has also received planning permission for 600 build-to-rent homes in Barking.