Part of Horley town centre to be sold for redevelopment
Part of a Surrey town is to be sold to a housing association for redevelopment.
Reigate and Banstead Borough Council is deciding the details of the sale of the Newman House site in Horley to the Thames Valley Housing Association.
The association is proposing to build shops, food outlets and homes, subject to planning permission.
The project is due to be completed in 2015 when the commercial floor space will be leased back to the council.
Thames Valley Housing Association is planning to create 1,100 sqm (11,840 sqft) of commercial floor space with about 90 one and two bedroom apartments built above it.
Natalie Bramhall, from the council, said the proposals would provide the type and size of premises needed to attract modern retailers and shoppers that were currently lacking.
The vacant former Virgin Atlantic office block at the junction of Russells Crescent and Victoria Road was demolished in the summer.