Man Global Private Markets (Man GPM) has purchased 79 apartments at MKDP and Crest Nicholson’s Campbell Wharf development.
The homes will be offered at discounted rent and with a focus on key and essential workers, ensuring they have access to high quality housing within easy reach of their workplaces.
MKDP Property Development Director Matthew Green said: “Campbell Wharf is MK’s most prestigious residential development and this initiative by Man to provide high-quality, affordable housing specifically for key workers gives a welcome addition to the new community.”
Ian Jackson, Investment Director, Community Housing at Man GPM, said: “We are delighted to be building on our partnership with Crest Nicholson through this investment, which will deliver discount rented homes for the local community in Milton Keynes within a truly exceptional scheme.”
You probably know that Milton Keynes Development Partnership (MKDP) is owned by Milton Keynes Council (MKC) and that it uses and develops its land assets to help the city become a better place to live, socialise and work.
You may know that MKDP’s professional team reports to a board comprising an independent chair, independent members, local councillors and MKC’s Chief Executive.
But do you know what we have achieved since MKDP was established in 2013?
This infographic provides a useful overview and covers a range of our successes in both commercial and residential development in MK.
The 1.6 acre site i n Central Milton Keynes, opposite XScape, that has been vacant for 15 years has been sold by Milton Keynes Development Partnership, with construction due to start early in 2022.
It will be developed into a 330-apartment high quality major residential scheme that is due for completion in mid-2024.
The £80 million deal has been facilitated by Milton Keynes based developer Abbeygate who worked with Milton Keynes Development Partnership to ensure the planning consent was delivered and sourced an investor who wanted to make a valuable contribution to the city’s future.
MKDP Property Development Director Matthew Green said: “We are delighted that the project is going to be starting in the New Year. The funder’s aspirations were very clear and their substantial investment in Central Milton Keynes demonstrates their shared belief in the future of the City Centre”
Taylor Wimpey is to begin construction of 3, 4 and 5-bedroom homes at Daubeney Gate in Shenley Church End following completion of a deal with MKDP
Of the 73 homes, more than 36% (27 houses) will be affordable homes for local people in housing need. The properties will be available to purchase from Summer 2023.
Taylor Wimpey’s land and planning director Victor Idowu said: “We partnered with Milton Keynes Development Partnership to develop a scheme that would meet both their ambitious affordable housing targets and our objectives with a range of high-quality housing that will meet a variety of local needs.”
Walnut Tree, Jupiter House, is a new prestigious retirement scheme.
The Jupiter House retirement scheme has been created by Milton Keynes Development Partnership (MKDP) and the UK’s leading developer and manager of retirement communities, McCarthy Stone.
MKDP recently invited offers from developers for a residential scheme on its site at Kents Hill Park, Milton Keynes.
More information is available here.
Please note the closing date for tenders is the 28th May 2021