Hammerson has unveiled plans to bring forward a build-to-rent residential scheme at Highcross in Leicester’s city centre. Hammerson is working with private-rented-sector specialist Packaged Living to develop the plans ahead of the submission of a planning application early next year.
The development would see part of the former Debenhams department store at Highcross, transformed into new high-quality homes for local people and major improvements in enlivening New Bond Street where the entrance will be located. On completion, the scheme will provide over 300 new homes and improved public realm for the city alongside bespoke resident amenities including co-working space and a private dining room. Sitting at the heart of the community, residents will be minutes from the city’s strong line-up of amenities and public transport links. The retail frontage onto the mall at Highcross will be retained and the space transformed into a smaller and more flexible space for retail and leisure brands.
Mark Bourgeois, Managing Director UK and Ireland at Hammerson said: “This announcement is another example of the steps we are taking to manage the structural shift in retail whilst maintaining the vibrancy at our flagship destinations through a diversified offer and mix of uses. This exciting project will meet the demand for rented accommodation in Leicester city centre and ensure Highcross remains an exciting destination for visitors, whilst supporting local businesses and boosting footfall."
Mark Woodrow, Joint Managing Director at Packaged Living said: “We are delighted to be working with Hammerson and share their vision for a vibrant mixed-use community in an excellent city-centre location. The combination of Hammerson’s vision and Packaged Living’s experience in delivering thousands of build to rent homes provides a strong basis for a successful relationship.”