Joint venture established for development of business park

Millhill Properties (Horley) Ltd and Reigate & Banstead Borough Council have formalised their relationship in order to work together to bring forward a business park south of Horley. An agreement has been signed creating a joint venture company, Horley Business Park Development LLP.

With the joint venture legally established, a project team can be appointed and site surveys can be commissioned so that the design and planning processes can begin.

Forming a joint venture enables the council to work with landowners, such as Millhill Properties, to bring forward the opportunity in a proactive and managed way. The council will also benefit from ongoing income from the development, which can be put back into the local services that the council provides for its residents.