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For all those who have been wondering when work will start – if ever – on Woking’s planned 18-storey office block, a news item on Property Week’s website from last month offers a few clues. It points out that there is a need to get Hutley Investments’  160,000 sq ft property started soon as its planning permission runs out in 2011. Managing director Edward Hutley is quoted as saying: “2009 is a year of mothballing. We had to take the decision to wait before proceeding with development, as there was no point going out into that market until you can get a decent deal.”  Apparently, Hutley will not start marketing the scheme until next year but, even if the building is completed in 2012, the prospects for higher rent are promising, says Property Week, which reckons Woking remains a good commercial prospect for office development despite the credit crunch. I suppose that’s good news for all of us who live there

 

 

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