Bennett Construction has been appointed by developer Native Land to deliver the main construction phase of a £132m residential scheme in Guildford town centre.
The contractor said it will take control of the 1.7-acre St Mary’s Wharf site on the banks of the River Wey, with preparatory works beginning immediately.
It said main construction of the 180-home scheme will start “in the coming weeks”.
Native Land has secured £132m in development financing for the scheme, comprising a £100m senior debt facility from NatWest and £32m in mezzanine finance from the National Housing Bank, a wholly owned subsidiary of Homes England.
Neither the client nor Bennett disclosed the value of the construction contract.
The development, designed by architect Squire & Partners, will comprise two residential buildings providing approximately 18,600 square metres of space, including affordable housing.
The scheme will also include an acre of public gardens, a riverside walkway, restaurants and retail space. Gillespies is the landscape architect.
Native Land secured planning permission for the development in 2022 and subsequently completed demolition, basement and ground-floor infrastructure, and flood-protection works.
The project will regenerate a vacant brownfield site and restore public access to part of the River Wey.
Native Land said the scheme would incorporate biodiversity improvements, a fossil-fuel-free energy strategy and cycle facilities designed to reduce reliance on cars.
The development is scheduled for completion before the end of 2028, with residential sales expected to launch in spring 2027.
Sources: Bennett Construction/Native Land announcements
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