Comer Homes Adds to Burgeoning BTR Portfolio with Acquisition of Prime Luton Site

Leading mixed-use developer Comer Homes has acquired a significant 1.05-acre site on Latimer Road, Luton, with planning consent in place to develop a high-quality Build-to-Rent scheme comprising 238 apartments, as well as commercial space and undercroft car parking. The town centre project builds on the group’s growing BtR portfolio, which includes other landmark schemes in Bracknell, Woolwich, and Kenley.

The c.137,795 sq. ft. (NIA) Latimer Road development will include three 4 to 9 storey buildings providing a collection of studio, one and two-bedroom market rental apartments, with the provision for 43 car parking spaces and 56 cycle spaces. The first phase is set to launch in 2023 and comprise c.118 apartments.

Luton is in the midst of a substantial regeneration, with key projects and development sites contributing to a £4.5 billion investment target for the town. Key projects include the extension of London Luton Airport, the completion of a high-speed transit system linking the airport with Luton Airport Parkway station, the construction of a 1 million sq. ft. shopping centre and multiple high-quality mixed-use developments to provide much-needed accommodation and employment opportunities.

Upon securing the fully consented scheme, Brian Comer, Co-Founder of Comer Homes, said: “This is an excellent acquisition, which will allow us to increase our fast-growing BtR offering. Luton is in the midst of an ambitious multi-million-pound regeneration programme and this development will support the extensive uplift of the town. Now that we have secured the site we will look to begin the construction process with the objective to bring the first phase to market before the end of the year.”

Increasing its position as a leading provider in the Build-to-Rent sector, Comer Homes recently launched 338 apartments at Royal Winchester House, Bracknell, a striking new build development offering a mixture of one and two-bedroom homes available from £1,000pcm.

The homes at Royal Winchester House have been elegantly finished with walnut timber flooring throughout apart from porcelain tiles to walls and floors in bathrooms. Contemporary kitchens feature quartz worktops and integrated Bosch appliances. The spacious balconies and terraces have been finished with contemporary granite texture flooring and glass balustrading. Exclusive facilities for residents include a state-of-the-art health centre and gym, secure car parking, cycle storage, a hotel-style lobby with coffee bar and a 24-hour concierge.

Set to launch in March 2022 is the phase three at Mast Quay, Woolwich, which will see 204 one, two and three-bedroom apartments delivered across three new waterfront buildings – Sky Sail, Moon Sail and Royal Sail – with private car parking, a car club scheme and electric charge points available. Residents will also benefit from a 24-hour concierge, private gym and café/ wine bar whilst the majority of homes provide spectacular river views. Mast Quay is also a short walk from Woolwich Crossrail Station, whilst Woolwich Arsenal station offers direct access to DLR, Thameslink and southeastern rail services.

The first phase release at Whyteleafe House is also scheduled for 2022, a contemporary collection of 167 one, two and three-bedroom homes. Residents will benefit from a wealth of amenities which include private gym, hotel style lobby and 24 hr concierge whilst enjoying excellent transport links into central London.

The final piece in Comer’s BtR jigsaw is Tower Point, a striking modern building, which has just released 66 new one, two and three-bedroom apartments, all with outside space in the form of balconies and terraces, as part of its second phase. A magnificent gated development in an excellent town centre location, Tower Point also provides a 24-hour concierge service, private underground parking and a Nuffield Health Fitness & Wellbeing Centre complete with a 20-metre swimming pool and spa facilities.