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Riverwell

At a Glance

Promoter: Kier/Watford Borough Council

Location: Thomas Sawyer Way, Watford, WD18 0GS next to Watford General Hospital

Total Site Area: 18.1 hectares

Total Floor Area: 62 acre site for c1,200 residential units and commercial space. Over 550 residential units and 76,000 sq. ft. commercial and 1,455 multi-storey car parking delivered.

Investment Type: Mixed use, 1,383 homes, a hotel, community centre, primary school, 1,400 sq.m retail use, large car park and public amenities

Asset Class: Mixed use residential development

Planning Status: multiple applications approved or under construction

Delivery Timescale: 2024 - 2033

GDV: £350m+

Site Description

The Riverwell masterplan is delivering an exciting destination, offering residential, office, retail, leisure, industrial and community space, through a 20-year programme. 

Now at around the halfway mark, Riverwell has already delivered more than 550 new homes (both apartments and housing, including around 30% affordable homes), with 700 to follow; a new hospital access road, which has also opened up the site for regeneration; 86,000 sq. ft. of industrial space; a 1,450-space multi-storey car park for nearby Watford General hospital; new green, open space for the community. 

Through commercial deals with other developers, the joint venture has accelerated development of two areas of the Riverwell site, one delivering a new-style retirement village, the first of its kind in the country for the developer.

This plan aligns with the goals of Watford General Hospital’s separate development efforts managed by the West Hertfordshire Teaching Hospitals NHS Trust.