- Watkin Jones said it had acquired adevelopment site in Woking town centre from McKay Securities with capacity for around 350 build-to-rent apartments, for an undisclosed sum.

The proposed development would also include a new retail and leisure space.

It was expected to deliver a margin in line with target returns and was targeted for completion in the 2024 financial year.

'The site exemplifies the group's target to secure opportunities in prime urban micro locations with great access to amenities and transport links,' chief executive Richard Simpson said.

'Woking is an established commuter town with a strong local economy and affluent demographic which is benefiting from considerable inward investment.'

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