Rapidly expanding North East based property developer – All Saints Living – has started work on a £30 million construction project in the south.
The scheme, in Milton Keynes, will deliver 139 brand new apartments for rent on a three-quarter acre site on Silbury Boulevard – in the town centre.
Expected to create around 100 jobs in the construction and supply chain sector during the 24-month building phase, it comprises a mixture of one and two-bedroom apartments across six floors. There will also be two retail units on the ground floor.
United Living, one of the UK’s leading providers of refurbished and new build homes, has been appointed to lead on the construction of the scheme on behalf of All Saints Living – one of the Newcastle based High Street Group of companies.
Upon completion, the site will be handed over to Grainger PLC, the UK’s largest listed residential landlord with over 100 years’ expertise in the private rented sector (PRS). It will be owned by GRIP REIT – a joint venture between Grainger and APG, Europe’s biggest pension fund Asset Manager.
All the apartments are being designed specifically for rent with the customers’ needs in mind. Each unit will be finished to a high specification, featuring a stylish open plan kitchen and lounge area. The larger apartments will have a bedroom on either side of the living space, each with en-suite facilities.
Keith McDougall, director with All Saints Living – part of The High Street Group of companies said: “As the build to rent, or private rented sector, continues to grow, due to demand for homes outstripping supply, we have taken this opportunity to expand our work beyond the north of the UK.
“Working with our partners and Milton Keynes Council, we plan to create a community with a modern village feel that will cater particularly for the needs of aspiring young professional people – helping to retain their skills and investment into the community.”