August 12, 2021
One of our Operating Partners, Packaged Living, the leading BTR developer and operator, celebrated the topping out of The Almere with JV partner Invesco Real Estate (“Invesco”) as Winvic continue to steam ahead on the construction of the 294-home BTR scheme in the heart of Milton Keynes.
Packaged Living and Winvic were joined by key representatives from Invesco, Fiera Real Estate, Milton Keynes Council and Milton Keynes Town Council to celebrate this huge milestone just over one year after construction began.
In January 2020, Packaged Living and Fiera Real Estate, the original owners of the site, signed a funding agreement with Invesco for this purpose-built BtR development, which, when complete, will comprise 294 one, two and three bedroom BTR apartments split over 18 storeys. The development will also benefit from 83 car parking spaces, 294 cycle storage facilities, commercial space of 2,500 sqft and 17,324 sqft of internal and external amenity space, ranging from a ground floor reception and lounge, to roof terraces, parcel storage and two landscaped courtyards.
Mark Woodrow, Joint Managing Director of Packaged Living, commented: “We are delighted to be a part of the topping out ceremony for The Almere – a hugely significant scheme for Packaged Living as the first in our BtR pipeline of over 2,000 homes. We thank Winvic for doing a great job in the challenging circumstances of the last year.”
Construction of The Almere is due to complete in early 2022.