:
![[credit via unsplash]](https://urbanliving.news/wp-content/uploads/2025/12/kharl-anthony-paica-0ykNX2B6QFE-unsplash-scaled-e1767185580222.jpg "kharl-anthony-paica-0ykNX2B6QFE-unsplash")
UK: Riverdale Developments has acquired a 26-acre site in Surrey with a gross development value of £30 million, securing the land from Wates Developments in a deal brokered by Knight Frank.
The site benefits from detailed planning consent for 38 extra-care and 28 close-care homes, alongside outline approval for a further 98 extra-care units and a 60-bed care home. The acquisition was completed in partnership with Searls Land and Pyxis Land.
The development forms part of a wider strategy to expand residential and care-led schemes across the South East, with further details expected to be announced in due course.
The transaction follows Wates’ recent planning submission for a 248-home scheme in Guildford, underlining continued activity in the region’s residential development market.
Highlights:
Riverdale Developments has acquired a 26-acre site in Surrey with a gross development value of £30m.
The site has consent for extra-care and close-care housing, with further residential development planned.
The acquisition was completed in partnership with Searls Land and Pyxis Land.
The deal forms part of ongoing residential development activity across the region.
