Long Harbour and Sowden Group have completed a forward funding deal to deliver 297 homes for rent on Vaughan Way in the centre of Leicester.
The site lies within Leicester’s strategic regeneration area and is directly opposite the new extension of the High Cross shopping centre.
The scheme has been specifically designed for the private rented sector and will offer customers a concierge service, private amenity space, rooftop gardens and quality apartments. Construction will now commence on site with delivery of the units expected in April 2019.
Long Harbour will retain ownership of the scheme and fund the development through the Long Harbour Income Fund, its institutional PRS fund.
Long Harbour investment and development director Rebecca Taylor said, “Leicester was identified as a target area for investment early on given its diverse and growing economy and forecast population growth.”
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