A build-to-rent developer has secured planning permission to deliver 355 apartments in Milton Keynes.
Leading build-to-rent (BTR) developer, investor and operator PLATFORM_, has secured planning permission to deliver 355 BTR apartments, that will set a new benchmark for quality and resident experience in Milton Keynes city centre, just a five-minute walk from Milton Keynes Central station.
Milton Keynes is positioned at the heart of the Oxford-Cambridge Arc with high tech businesses contributing 18% of all employment growth. PLATFORM_’s proposals for the largest BTR scheme in Milton Keynes will contribute to the fast-growing city’s ambitions to reach a population of 410,000 by 2050.
Located in Milton Keynes city centre on the central spine road of Midsummer Boulevard, the scheme will provide 355 thoughtfully designed homes, over 8,000sq ft of high-quality resident amenities, 7,500sq ft of landscaped terraces and a flexible 2,600 sq ft commercial offering. The development is in an unrivalled city centre location.
The mix of studio, one, two, and three-bedroom apartments will appeal to a wide range of residents, including local families and those working in Milton Keynes or commuting to nearby towns and cities.
The planning approval includes an agreement for PLATFORM_ to make contributions to the council of £5.7m, including an affordable housing contribution of £3.9m to support Milton Keynes City Council’s delivery of its affordable housing targets.
An economic impact assessment undertaken by Turley on behalf of PLATFORM_ highlights that 190 jobs and £61.2 million GVA will be created during the construction phase and £1.2 million GVA in operation, of which £800,000 will be in Milton Keynes.
Jean-Marc Vandevivere, CEO at PLATFORM_ 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.”
Jean-Marc continued, “Importantly, PLATFORM_ will contribute to bridging the gap between supply and demand of high-quality homes in the city-centre of Milton Keynes while setting new design, service and quality standards. The unrivalled flexibility coupled with the range of social amenities will be attractive to a wide range of residents.”
Matt Willcock, Development Director at PLATFORM_ said, “Throughout the planning process, we have engaged collaboratively with Milton Keynes City Council officers to ensure that our development matches their vision, reflecting Milton Keynes’ new city status, as well as fostering relationships with local businesses and the wider community as we underline our long-term economic and social investment in the city.”
