Planning applications submitted to develop 1,000 mid-market build to rent residential units as part of regeneration projects in Ashford, Maidstone, Swanley and Woking.
U+I, the mixed-use property regeneration specialist, has submitted planning applications to develop four mixed-use regeneration projects that will deliver over 1,000 new rental homes worth more than £250m within the London City Region in Ashford, Maidstone, Swanley and Woking.
The projects aim to combine affordability with desirability, enhancing local communities by providing high quality accommodation, retail and leisure facilities and designed to draw inspiration from the character and history of each local area. The size of the UK’s rental market continues to grow, recently valued at £1.29 trillion, and is expected to account for 22% of the UK’s housing market by 2025 as the demand for a high quality, value for money rental offer increases. U+I’s new schemes will provide a curated and bespoke offer tailored to the needs of ‘Generation Rent’.
Richard Upton, Deputy CEO of U+I, said: “We are making good progress at each of these sites, all located within the London City Region “Huburbs” and within an hour’s commute of central London. The plans submitted prioritise the development of high quality, mid-market homes with easy access to the centre of London in locations where housing demand continues to grow. We are committed to delivering vibrant, mixed-use places that take their inspiration from their local areas and meet the needs of each community. We will create affordable, desirable places people can truly enjoy – not just a place to sleep or commute from, but a place to live and thrive.
“We have selected these sites very carefully. Each one is close to a train station, beautiful parks and located in quality towns where consistent rental and capital growth will be evident and each will remain relatively affordable for the wider population. That is important to U+I and helps mitigate risks in uncertain times. We will deliver carefully designed places with great amenities and details, fostering a real and sustainable sense of belonging for all who will live in them.”