REG - Guinness Partnership - Joint Venture

Arcadis NVAnnouncement

06/04/2023 09:15

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RNS Number : 5217V  Guinness Partnership (The) Limited  06 April 2023

THE GUINNESS PARTNERSHIP AND COUNTRYSIDE PARTNERSHIPS JOIN FORCES TO DELIVER
PHASE 2 OF SIGNAL PARK IN TOLWORTH, KT5 

 

The Guinness Partnership, one of the UK's largest providers of affordable
housing, has partnered with Countryside Partnerships, one of the UK's
leading mixed-tenure developers, to jointly deliver Phase 2 at Signal Park -
the £400m redevelopment proposal in Tolworth in the Royal Borough of Kingston
upon Thames.  

 

Through a 50/50 joint-venture partnership, Guinness and Countryside
Partnerships will deliver much-needed, mixed-tenure homes as we move forward
with the next phases at Signal Park, ensuring the new development best meets
the needs of the local area. will target at least 35% affordable housing
across the site as a whole and may include an element of Private Rented Sector
Homes as well.  

 

A cycle hub will be provided to promote active travel for residents and there
will also be gardens and green public spaces to create an attractive
environment for residents as well as improving biodiversity and
sustainability. 

 

The development provides the opportunity to deliver a range of social value
initiatives to benefit the wider communities by directly responding to
Tolworth's needs, providing benefits to the scheme over the course of the
development and beyond.

 

Guinness offers housing to meet a diverse range of needs, including social
rent, affordable home ownership options and housing for older people. Arcadis
has been appointed as the joint venture supervisor.

 

Kevin Williams, Group Director of Development & Commercial Services, 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."  

 

Stephen Teagle, Chief Executive, Countryside Partnerships said: "This is a
fantastic scheme to be delivering in collaboration with The Guinness
Partnership. We look forward to working together to provide a diverse mix of
new housing tenure for Tolworth.  As a partnerships-based business with a
track record of delivering successful large-scale schemes, we are committed to
building highly collaborative relationships with our partners and
stakeholders. 

 

 

"This is an exciting opportunity to reinvigorate Tolworth by creating
welcoming mixed-tenure neighbourhoods with an abundance of green spaces and
amenities for residents to enjoy for many years to come." 

 

Richard Jones, Senior Technical Director, Arcadis commented: "Arcadis is
extremely pleased to be supporting Guinness and Countryside Partnerships in
this exciting major development at Tolworth. This joint venture partnership
reflects the cutting edge of collaborative working and will deliver much
needed homes in the most efficient and effective way. Our specialism in
complex joint venture monitoring, coupled with our cost and financial
reporting, will be key to delivering at pace and within an environment of
complex external pressures." 

 

-ENDS-

 

MEDIA ENQUIRIES

 Countryside Partnerships                      07962 387 949

 Sara Champness / Alex Reid                    Countryside@secnewgate.co.uk (mailto:Countryside@secnewgate.co.uk)
 The Guinness Partnership                      robert.elliott@guinness.org.uk (mailto:robert.elliott@guinness.org.uk)

 Rob Elliott - Director of Corporate Finance

 

 

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