BlueCastle Capital, a leading UK build-to-rent developer and asset manager, has been granted planning consent for a new 21-storey residential tower in Stevenage. The Stevenage Borough Council has approved the plans to replace the former New Look store at 9-11 The Forum with a striking 69m (226ft) tower, set to offer 225 high-quality rental apartments.
The new development will feature a range of premium amenities, including residents' lounges, co-working spaces, a high-quality gym, bike parking, and a 24-hour concierge service. Designed by architectural firm 5plus, the tower is expected to begin construction in early 2026, with completion anticipated in mid-2028.
Stevenage, located just 43km (27 miles) north of central London and home to a population of 90,000, is poised for significant transformation. The town is undergoing a €1.14bln (£1bln) regeneration initiative, which aims to blend high-quality residential areas with an expanding employment quarter. This will create 1,850 new jobs and further bolster the town’s appeal as a fast-growing and well-connected location.
Barry Coltrini, Development Director at BlueCastle Capital, commented:
“We are delighted to have obtained the consent from Stevenage Borough Council for a landmark development that will inject new vibrancy into the heart of the town. This project represents our commitment to delivering high-quality rental homes in well-connected, fast-growing locations. With its exceptional design, premium amenities and proximity to the emerging life sciences hub, this development will contribute to the town’s regeneration and provide a fantastic living experience for residents.”
The development is part of BlueCastle Capital’s broader strategy, with a seed development pipeline of more than 1,000 units across three projects in Stevenage, Cardiff, and Sheffield.
