fbpx

Hammerson’s new scheme for Leicester City Centre

08.12.20
Hammerson has today announced plans to bring forward a build-to-rent residential scheme at Highcross in Leicester’s city centre. The company is working with private-rented-sector specialist Packaged Living to develop the plans ahead of 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 smaller and more flexible space for retail and leisure brands.

Packaged Living, the bespoke build-to-rent operator and developer has grown a pipeline of over 2,000 homes since its inception in 2018, with major developments spanning the UK. The company has been appointed as development manager, enabling Hammerson to utilise Packaged Living’s in-house investment, development and operational capabilities.

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. In 2019 a major reconfiguration of the former House of Fraser outlet unit at Highcross was completed allowing for new brands to take space in target categories, including Zara, JD Sports and Treetop Adventure Golf.

This project is also consistent with the company’s ambitious 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 during the construction phase, Hammerson is working closely with Packaged Living to minimize both embodied and operational carbon emissions for this scheme and to ensure it is resilient to climate risk.

“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. 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,” said Mark Bourgeois, Managing Director UK and Ireland at Hammerson.

“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,” added Mark Woodrow, Joint Managing Director at Packaged Living.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • Monaco Real Estates
  • RDO
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Pedini London
  • Alexander James
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Worldwide Property
  • Dimora
  • Dominic McKenzie Architects
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Deborah Garth
  • You home
  • Ra Shaw Designs
  • Caudwell Collection
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside
  • Aimo
  • ns-ceramics-logo
  • Rusk
  • Consilium Expert Group
  • Ben Krupinski Builder
  • Swoffers
  • Guernsey Relocation Services
  • Douglas Graneto
  • Strutt & Parker
  • wilsons
  • MJC Associates
  • plainspace
  • Fine & Country
  • Bramble Ski
  • Penthouse queen
  • Sarco_Affiliate_Logo
  • taylor wimpey
  • cooper-gardner
  • M Design Architects
  • codan
  • Lovells
  • London DE
  • HELENA JORNET FINQUES
  • Prime Lands Group
  • Bellegarde Estates
  • Sinclair
  • Pippa Paton
  • Ecole d'Humanite
  • Benedek Lewin
  • Inspired Villages
  • Huelin Homes
  • Gaudin
  • Lovells Property
  • Racecourse Lodge Logo
  • Paseo
  • Lemay + Escobar
  • Octagon
  • Locate Isle of Man
  • Newlands of Stow
  • Hawksford
  • Holdun
  • St George's International School
  • Schule Schloss Salem
  • AR Architecture
  • lazaro
  • Sella Concept
  • Blakstad
  • SAREG
  • miller interior
  • Harrow
  • Pearson
  • Wealth Club
  • Yellow House Architects
  • Designer Touches
  • Zafiro

Enter your dream destination