Last edited 28 Sep 2016

U and I submit planning applications for 1,000 build to rent units

On 29 September 2016, U+I, the mixed-use property regeneration specialist, announced that planning applications had been submitted to develop 1,000 mid-market build to rent residential units as part of regeneration projects in Ashford, Maidstone, Swanley and Woking.

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The size of the UK’s rental market was recently valued at £1.29 trillion, and is expected to account for 22% of the UK’s housing market by 2025. The new projects will provide high-quality accommodation, retail and leisure facilities that draw inspiration from the character and history of each local area:

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.

Home ownership is no longer the be-all and end-all – increasingly, a new generation is choosing to rent and they want high quality and affordable accommodation to match their lifestyle and aspirations. This generation has high expectations - meeting these expectations and delivering great new homes for rent is a key part of our offer as a business.”

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