Residential-led mixed-use developer Regal London has acquired a site in Watford for a £150m new scheme.
The site at 37-39 Clarendon Road has planning permission for 168 homes and substantial grade A office space with ancillary café and gymnasium.
Enabling works have started on the site which will be transformed into a 25-storey resi towers and 150,000 sq ft of office space by the end of 2024.
Regal will also be acting as main contractor on the job.
Up to 380 full time jobs will be supported during the construction phase of the project including 120 training opportunities on-site through the Regal London Real Estate Academy in partnership with charity Building Heroes, which provides skilled training to military veterans and members of local disadvantaged groups.
Paul Eden, Co-Founder of Regal London, commented: “This acquisition comes during a particularly active period for Regal London, which has seen us secure new sites and planning permissions across the city that complement our strategic growth ambitions whilst creating substantial social and economic benefits to the surrounding area, including hundreds of jobs.
“We’re looking forward to bringing our mixed-use expertise to a fantastic part of Greater London with this project, supplying 168 new homes and grade A office space at a time when many businesses and workers are reassessing their office needs and increasingly looking to convenient, exciting areas beyond the city centre.”