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Major PRS schemes approved in Sheffield and Belfast

Two private rented sector projects that will deliver a total of 425 homes have won planning permission from local authorities in Belfast and Sheffield.

A joint venture between contractor Watkin Jones and developer Lacuna secured approval for what is said to be Belfast’s first build-to-rent PRS scheme.

Belfast City Council’s planning committee backed plans for the £15m Academy Street scheme, which will deliver a 16-storey building comprising 90 apartments.

Work on the Cathedral Quarter project is expected to start on site in January next year, with completion slated for early 2020.

The proposals mark the fifth project in Belfast for the Lacuna Watkin Jones JV, which said it had invested £120m in the past three years. 

Commenting on the Belfast scheme, Lacuna Developments managing director Anthony Best said: “This scheme is a direct response to Belfast City Council’s exciting ambitions to improve the city, and particularly to increase the city centre’s residential population.”

Meanwhile in Sheffield PRS developer Platform has gained planning permission for a 335-home development near the city centre.

The site is located near to The Moor shopping centre and the Sheffield Retail Quarter, and will form part of the wider £480m regeneration of the Retail Quarter that is set for completion next year.

Designed by TateHindle Architects, the private rental development will feature studio, one, two and three-bed apartments across two blocks ranging from five to 14 storeys in height.

More than 2,500 sq ft of amenity space will also be provided, including two residents’ lounges and a gym.

Earlier this year Platform acquired a 0.8 ha site in Glasgow on which it intends to deliver 500 private rented homes, as part of plans to secure 5,000 units in the next five years from a current pipeline of 1,000.

 

 

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