Regal London has acquired a site at 37-39 Clarendon Road, Watford and will create a mixed-use scheme containing a mix of homes and office space.

The site already has planning permission, which Regal has successfully amended to increase the number of homes to 168 and improved the office space with an ancillary café and gymnasium.

Paul Eden, Co-Founder of Regal London, said: “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.”

The £150m scheme will comprise a mix of studios, one, two and three bedroom homes, as well as c.150,000 sq ft of office space. The residential building will be 25 storeys and all homes will be private for sale. The development also secured an obligation package totalling more than £4.6m which includes an affordable housing financial contribution of c.£2m.

380 full time jobs will be supported during the construction phase of the project and anticipates an additional 1,200 direct jobs through the commercial floorspace and community uses once the development is operational.  

Works have already commenced on-site, with anticipated occupation of the office space in Spring 2024 and the residential in Autumn 2024.