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”