L&G to deliver Brighton’s first BTR scheme
Legal & General’s (L&G) plans to develop the Longley Industrial Estate into Brighton’s first Build To Rent (BTR) scheme have been approved.
Legal & General, which entered the BTR sector in 2016, now has eleven schemes in operation or development across the UK, delivering 3,700 homes for elective renters.
Once complete, the development will provide over 200 homes for elective renters in a central location. Situated between New England Street and Elder Place, 200 metres from Brighton train station, the development will also deliver 3,270 sq m of commercial space, to accommodate either a single occupier or arranged as incubator space to support start-ups and SMEs. As part of the overall plans, a GBP746,000 contribution is being made towards the enhancement of the public realm along Elder Place.
Dan Batterton, Head of Build To Rent at LGIM Real Assets, says: “Brighton is an ever growing city where people want to live and work. As a major employer in the area, we are delighted to have received permission to begin developing this scheme, transforming a rare warehouse brownfield site into a vibrant new place whilst helping to tackle Brighton’s shortage of housing.”
“The UK needs urban centres that are fit for purpose and can support a creative and sustainable community like Brighton. We are pleased to be bringing the BTR concept to the city, demonstrating that renting can be an aspirational choice and supporting the workforce with the quality homes they deserve.”