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We are currently retained as Project Manager by River Street Capital for this new build Private Rented Sector (PRS) scheme in central Milton Keynes.
Subject to planning approval, it is proposed to demolish the existing office block, which is centrally located opposite Milton Keynes shopping centre to allow the construction of a new seven storey, 160,000 sq. ft. building. The new development will include 146 one and two bedroom apartments, with retail premises at ground floor level.
The building will be constructed around a steel frame, with high levels of insulation for energy efficiency. Masonry cladding and traditional design features are in keeping with local architecture.
The PRS is a term used for private rented properties, typically apartment blocks located in city centres, which are managed by institutional investors. Yields have grown significantly in recent years and we are seeing considerable activity in this sector.
A planning application for Silbury Boulevard has been submitted awaiting a decision in June 2016.
For more information speak to Adam Linard on 01727 790903 or email email@example.com.