Comer Homes acquires prime Luton site

Developer Comer Homes adds to burgeoning Build to Rent portfolio with the acquisition of a prime Luton site.

Latimer Road Build to Rent scheme in Luton - Comer Homes | BTR News
Latimer Road Build to Rent scheme in Luton.

Mixed-use developer – Comer Homes – has acquired a prime Luton site to deliver new Build to Rent homes. The significant 1.05-acre site is on Latimer Road in Luton, which has planning consent in place to develop a high-quality Build to Rent scheme. The town centre project builds on the group’s growing Build to Rent portfolio, which includes other landmark schemes in Bracknell, Woolwich and Kenley.

The c.137,795 sq ft (NIA) Latimer Road development will include three buildings ranging from four to nine storeys. The scheme will deliver 238 new homes – a mix of studio, one and two-bedroom market rental apartments. The development will include commercial space and undercroft car parking with the provision for 43 car parking spaces and 56 cycle spaces. Phase one of Comer Homes’ scheme is set to launch in 2023 and comprise c.118 apartments.

Latimer Road Build to Rent development in Luton - Comer Homes | BTR News

“This is an excellent acquisition, which will allow us to increase our fast-growing Build to Rent 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.”

Brian Comer, Co-founder, Comer Homes

Luton is in the midst of a substantial regeneration, with key projects and development sites contributing to a £4.5bn 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. 

Latimer Road scheme in Luton - Comer Homes | BTR News

Increasing its position as a leading provider in the Build to Rent sector, Comer Homes has a number of additional projects in the pipeline – either complete or under construction. Schemes include Royal Winchester House in Bracknell, Mast Quay in Woolwich, Whyteleafe House in Whyteleafe, Surrey and Tower Point in Enfield.