£113m Basildon rental homes scheme seals build finance

Aaron Morby 4 hours ago
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A joint venture between Orwell Real Estate and Housing Growth Partnership has secured finance to build a landmark build to rent scheme in Basildon town centre.

Market Square build to rent project designed by SWAP architects
Market Square build to rent project designed by SWAP architects

The project comprises 492 flats and around 1,650 sq m of commercial space, significantly contributing to Basildon’s £600m regeneration masterplan.

Contractor Ernest Park is believed to be lined up to deliver the scheme as both project manager and main contractor. Gardiner & Theobald is acting as cost consultant and MTT the mechanical and electrical engineers.

Maslow Capital has provided a £74m development loan to fund the scheme, which will comprise three interconnected mid-rise towers ranging from 12 to 17 storeys, connected via a ground-floor podium.

Beyond meeting housing needs, the scheme will target an EPC rating of A or B and integrate renewable technologies such as Air Source Heat Pumps, highly efficient LED lighting, and an ambient loop system for heating and hot water, reflecting a strong commitment to sustainability.

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