£60m development for homes in Leicester City Centre
A £60m development has been announced to bring 550 new homes to Leicester. It will stretch from Braunstone Gate and straddle the river Soar, transforming neglected land close to the city centre with 300 apartments and a nine-storey student accommodation block.
The scheme’s developer, Leicester-based Sowden Group, has yet to apply for planning permission.
Roy Coley, managing director of Sowden Group, said the Braunstone Gate scheme would bring previously derelict land into use again, providing much needed high-quality city centre residential accommodation.
“This is a significant project which will open up an area which has suffered from anti-social behaviour. It’s an ambitious scheme but is already attracting interest from investors,” he said.
If planning permission is approved work could begin by the end of the year with the first tenants moving in by 2021.