Platform’s plans build-to-rent (BTR) scheme near Milton Keynes Central station will have more than 8,000 sq ft of resident amenities, 7,500 sq ft of landscaped terraces and a flexible 2,600 sq ft commercial offering alongside the 255 apartments.
Parking will be tricky for residents but there will be car club spaces and racks for 500 bicycles.
Gross development value is £150m. A contractor has yet to be selected but contract value is estimated at £75m. Platform expects to shortlist contractors in the fourth quarter of 2024 and start construction in the first half of 2025.
The 20-storey Milton Keynes development will be Platform’s 11th BTR asset and follows on from the recent completion of more 1,000 flats in Cardiff, Sheffield, and Glasgow, as part of a combined operational portfolio and development portfolio of £1.2bn.
Chief executive Jean-Marc Vandevivere said: “Milton Keynes is at the heart of the Oxford-Cambridge Arc and is fast becoming a leading centre and focus of innovation in the UK. We are incredibly pleased to bring our innovative residential model to the city centre, just a five-minute walk from the train station, with a development that prioritises sustainability, wellbeing and resident experience.”
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