British Land has announced one of the most prestigious Build To Rent schemes at Aldgate on the edge of the City of London.
The new building will comprise 159 premium Build to Rent apartments, plus office and retail space.
Located adjacent to Aldgate East and equidistant between Crossrail stations at Liverpool Street and Whitechapel, the scheme will benefit from high connectivity and its proximity to the City of London.
Aldgate Place will be a net zero carbon development with 10 paid apprenticeships during construction.
Simon Carter, British Land’s chief executive, says: “We are excited to commit to … our first Build to Rent development which will be an exceptional building in a thriving part of the City. This is another example of us executing against our strategy, exploiting our competitive strengths in development to deliver high quality space with a range of uses in excellent locations.”
In addition to the Build to Rent apartments being developed at Aldgate Place, British Land will also deliver between 2,000 and 4,000 homes as part of the flexible planning consent secured at Canada Water in London.
This post has originally been featured in Letting Agent Today.