The Woolmead is currently (2021) undergoing redevelopment.

There are two major redevelopments in central Farnham, Brightwells which is to the south of East Street, and Woolmead, on the north side of East Street. These are two separate developments, the two sites being under different ownership.

The Woolmead redevelopment entails replacement of the 1960s built brutalist buildings known as Woolmead House, and which comprised retail units at street level, offices and a few residential units above plus underground parking.

The proposed replacement comprised retail units at street level, with somewhat more than 100 apartments above, and underground parking.