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Long Harbour exchanges contracts with Sowden Group to deliver 297 homes for rent in centre of Leicester

Real estate asset manager Long Harbour has exchanged contracts with the Sowden Group to deliver 297 homes for rent in the centre of Leicester.

The site has recently been the subject of an archaeological dig followed by an engineering exercise to prepare it ready for piling, all carried out by the Sowden Group

 

Situated next to the Highcross car park in Vaughan Way, it lies within Leicester’s strategic regeneration area, and is directly opposite the new extension of the High Cross shopping centre.

 

In response to the current demand for homes to rent in the city, Sowden and Long Harbour brought forward new proposals which will substantially increase the number of homes available to the city’s private rental sector.

 

The site previously had planning permission for a smaller number of homes and more retail outlets. Following a comprehensive redesign with a specific focus on the private rented sector, a new planning consent was granted by Leicester City Council in March 2017. The scheme includes 297 residential units, associated ground floor retail units, car parking spaces and a private residents’ amenity space as well as rooftop gardens and a ‘green buffer’ with All Saints, the adjacent church.

 

Long Harbour will fund the development through The Long Harbour Income Fund – its £214 million institutional fund focused on delivering high-quality residential homes for rent.

 

Construction work is expected to start in the early summer of 2017.

 

 

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