Comer Homes has acquired a prime Luton site to deliver a new Build to Rent (BTR) scheme.

The 1.05-acre site has planning permission for an approximately 137,795 sq ft (NIA) development, which will include three buildings ranging from four to nine storeys. The scheme will deliver 238 new homes – a mix of studio, one and two-bedroom market rental apartments.

The development will also incorporate commercial space and underground car parking with the provision for 43 car parking spaces and 56 cycle spaces.

Luton is in the midst of a substantial regeneration, with key projects and development sites contributing to a £4.5 billion investment target for the town.

Key projects include the extension of London Luton Airport, the completion of a high-speed transit system linking the airport with Luton Airport Parkway station, the construction of a one million sq ft shopping centre, and multiple high-quality mixed-use developments to provide much-needed accommodation and employment opportunities. 

Phase one of Comer Homes’ scheme is set to launch in 2023 and comprise approximately 118 apartments.

Image source: Comer Homes

© Eastern Echo (powered by ukpropertyforums.com).

Sign up to receive your free bi-weekly Eastern Echo journal here.