Legal & General secures approval for first BTR scheme in Brighton, UK

WCN Editorial Team 28 Mar 2019 EUROPE BUILDINGS

British financial services company Legal & General has secured approval for plans to develop the Longley Industrial Estate into Brighton’s first Build-to-Rent (BTR) scheme.

Legal & General, which entered the BTR sector in 2016, currently has 11 schemes in operation or development across the UK, delivering 3,700 homes for elective renters.

Legal & General, committed to improving standards across the rental market, is delivering well-managed and specifically designed accommodation in urban locations.

The financial services company said that as Brighton continues to attract a talented and diverse labour pool and growing student population, the new scheme is expected to play a crucial role in supporting the city’s increasing housing demands.

After completion, the scheme will provide more than 200 homes for elective renters in a central location.

The development is situated between New England Street and Elder Place, 200 metres from Brighton train station, and will also deliver 3,270m² of commercial space to accommodate a single occupier or arranged as incubator space to support start-ups and SMEs.

As part of the overall plans, a £746,000 contribution is also being made for the enhancement of the public realm along Elder Place.

LGIM Real Assets head of build to rent Dan Batterton said: “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.”

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Image: The Brighton Station. Photo: Courtesy of Legal & General Group Plc.

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