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19.10.2017

Woking One redevelopment to receive £7 million finance boost

The development is part of plans to regenerate Woking town centre.

NatWest has provided a £7m speculative development facility to support Wrenbridge and Palmer Capital’s plans.

Chris White, a director at Wrenbridge, said: “The proximity to the station means that Woking One is positioned to offer unrivalled connectivity to London from Woking.

“The location, combined with the high specification of the offices and amenities including the new restaurants will ensure that Woking One appeals to a breadth of occupiers.”

Lee Franklin, NatWest’s head of structured real estate lending, said: “The redevelopment of Woking One is a great opportunity to bring more business into the town.

“As an established commercial centre less than 30 miles from central London, it is also vital that Woking enhances its transport and infrastructure links to bring further economic benefits to the area.”

Work is expected to be completed in spring 2018.

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Woking One redevelopment to receive £7 million finance boost