// Hammerson launches new build-to-rent residential scheme for Leicester City Centre
// The scheme will provide over 300 new homes for locals
// Private-rented-sector specialist Packaged Living is hired as Hammerson’s development manager
Hammerson has announced a new build-to-rent residential scheme for Leicester City Centre, which will see over 300 new homes being built for locals.
Private-rented-sector specialist Packaged Living has been hired as Hammerson’s development manager to formulate the plans ahead of submission early next year.
The development would see part of the former Debenhams department store at Highcross, transformed into new homes for locals.
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The new scheme will provide improved public realm for the city alongside bespoke resident amenities including co-working space and a private dining room.
The retail frontage onto the mall at Highcross will be retained and the space transformed into smaller and more flexible space for retail and leisure brands.
The proposal supports Hammerson’s strategy to reduce the amount of floor space occupied by challenged retail categories at its flagship destinations, particularly that occupied by department stores.
This project is also in line with Hammerson’s target to be Net Positive for carbon emissions, water, resource use and socio-economic impacts by 2030.
In addition to supporting up to 800 jobs on site and in the supply chain, Hammerson is working closely with Packaged Living to minimise both embodied and operational carbon emissions.
“Today’s 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,” Hammerson managing director UK and Ireland Mark Bourgeois said.
“This exciting project will meet demand for rented accommodation in Leicester city centre and ensure Highcross remains an exciting destination for visitors, whilst supporting local businesses and boosting footfall.”