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JV formed to deliver £400m development in Tolworth

The Guinness Partnership has formed a 50/50 joint venture with Countryside Partnerships to deliver Phase 2 at Signal Park – a major redevelopment in Tolworth in the Royal Borough of Kingston upon Thames.   

The scheme, which has a gross development value of £400m, will deliver over 700 mixed-tenure homes, ensuring the new development best meets the needs of the local area.

Stephen Teagle, Chief Executive at Countryside Partnerships, said: “This is a fantastic scheme to be delivering in collaboration with The Guinness Partnership.  As a partnerships-based business with a track record of delivering successful, large-scale regeneration schemes, we are committed to building highly collaborative relationships with our partners and stakeholders. This is an exciting opportunity to reinvigorate Tolworth by creating a welcoming, mixed-tenure neighbourhood with an abundance of green spaces and amenities for residents to enjoy for many years to come.”  

A cycle hub will be provided to promote active travel for residents and there will also be gardens and green public spaces.

Kevin Williams, Group Director of Development and Commercial Services at The Guinness Partnership, said: “We are looking forward to working with Countryside Partnerships on our development at Signal Park, to provide much needed, high-quality homes in Tolworth, reinforcing our commitment to Kingston’s ambitions for the area. We are already creating a vibrant and exciting place to live and work, as we build out the first phase of this development for affordable home ownership. The hundreds of homes that will be provided over the coming years will make a huge difference to the community.”   

Work on site is anticipated to commence by early-2025 once full planning permission is granted.

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