A flagship Build To Rent scheme in Peterborough has fully let the first phase of development.
Marketing has commenced on the second phase, which is due to complete in Q1 2025.
Indigo, a development of 315 affordable homes for rent, has been delivered by housing association, Cross Keys Homes and provides a range of one-, two- and three-bedroom apartments and duplexes, individual balconies and a private communal courtyard.
The first phase, comprising 131 properties, was completed in October 2024 and all units were subsequently let by December. Construction of the second phase, comprising 184 homes, is now nearing completion and currently being marketed, with 85 already pre-let.
Residential block management and BTR specialist LSH Residential advised on the development and build process and has since been appointed to market the units, along with local letting agent, William H Brown, a sister brand within the wider Connells Group.
Paul Noble, managing director of LSH Residential, says: “This is an example of a project that squarely meets the needs of the market it serves. Indigo offers quality contemporary accommodation at genuinely affordable rents, in the heart of a city centre location that also offers high-speed access to central London. The quality of the finished product and its subsequent letting performance is testament to the vision and diligence of the entire team at Cross Keys Homes”.
Ezra Nahome, LSH Group chief executive, says: “Project Indigo showcases how we can bring together complementary services across the business and deliver on yet another successful BTR project”.