Strawberry Star secures GBP260m GDV mixed-use scheme in Luton
 
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Strawberry Star secures GBP260m GDV mixed-use scheme in Luton for 685 homes

16 Feb 2018
London residential developer and property services company, Strawberry Star, announced today that it has exchanged contracts on a major residential-led mixed use development scheme in Luton, Bedfordshire. 
 
The 260m scheme on a 6.9-acre site close to Luton Airport will deliver 685 homes together with a 200-bedroom hotel, retail and leisure facilities, a state-of-the-art medical and wellness centre and high quality public realm. 
 
The homes will be built by the company’s newly-created division Strawberry Star Homes using a mix of traditional and novel construction technologies, including elements of modular homes, to deliver homes at lower capital values for first time buyers.
 
Work on the scheme, which has full planning consent, will begin in the Autumn this year, with phase one to be completed by the second half of 2021.
 
Santhosh Gowda, Chairman, Strawberry Star Group, said: “The Luton scheme is a major investment for Strawberry Star and takes us one step closer to delivering quality homes at lower capital values for aspiring first-time home-buyers living and working in and around London.”
 
 
 
Source: London Love Business

Article written by Property Week