A major office development scheme on London Road in Redhill, Surrey by McKay Securities PLC has started on a speculative basis.
The new 48,050 sq ft building will be called Prospero and will supply office space over a ground floor and three upper floors, with 87 car parking spaces at ground and basement level.

Simon Perkins, Managing Director of McKay, said: "We are delighted to have started this scheme. This is good news for Redhill and the southern M25 office market as this will provide occupiers with a new build choice, and the associated quality and cost savings of a well specified, environmentally friendly product. It is one of the very few speculative office schemes to be commenced in the southern M25 market for a number of years and the first in Redhill for over five years."

The project is scheduled for completion in the summer of 2016.