The 5-storey development, named Velocity, will offer grade A office accommodation together with 370 car parking spaces.

Construction will start shortly on site, with completion expected in autumn 2012.

Rockspring acquired the site in Weybridge in January 2011 from Mercedes Benz for £4.25m on behalf of the Rockspring UK Value Fund.

The scheme is one of three speculative developments owned by the fund, which are currently being constructed.

Richard Bains, Rockspring UK Value Fund Manager said: “Rockspring is funding a number of key office developments in London and the South East which will be on site this year.”

Stuart Bedford at Exton added: “Rockspring and Exton are delighted to have secured planning permission on what we believe will be one of the most exciting office developments in the South East.

“We will be one of only five speculative starts on site this year in the South East office market and Velocity, with its striking architecture and high specification, is well positioned to capture active demand.

“We expect strong early interest in this high quality headquarters office building.”