Kooky, the new Private Rented Sector (PRS) brand from residential property investment company Delph Property Group, has been unveiled as the chosen Reigate and Banstead Borough Council partner to acquire the residential element of the Marketfield Way regeneration scheme in Redhill. The mixed-use development opposite Redhill railway station also comprises a six-screen cinema, restaurants and prime retail units which will become the focus for the town’s retail and evening economy.
Peter Boarder, Head of Place Delivery at Reigate and Banstead Borough Council, said:
“Our Marketfield Way development will be a game changer for Redhill and our wider regeneration of town centre. PRS will provide a different type of accommodation that is in tune with how some people now live and which is part of meeting the wide mix of housing need in our borough.”
Nick Doyle, Managing Director at Coplan Estates, said:
“It is satisfying to have your initial view endorsed by agreement from Kooky to forward purchase the entire residential component. We are delighted to facilitate Kooky’s first foray into the BTR sector and it will be the first purpose built branded private rented scheme in Redhill.”
Construction on Marketfield Way is due to start in late 2019, with a target completion date of late 2021.