Hammerson submits planning to transform former Debenhams store into BTR

Hammerson has submitted plans to redevelop a former Debenhams store in Leicester – with Packaged Living.

St Peters Lane, Leicester - Hammerson | Packaged Living | BTR News
St Peters Lane, Leicester.

Owner and manager of the flagship destination Highcross – Hammerson – has submitted plans to Leicester City Council to redevelop the former Debenhams department store at Highcross Shopping Centre on St Peter’s Lane, Leicester into new Build to Rent homes. Residents will be minutes from the city’s cultural and commercial attractions and public transport links.

Hammerson is working with Packaged Living on the scheme which will see 300 new Build to Rent homes built on the site in the city centre, which has been designed by CRTKL. The development will include bespoke resident amenities including a roof garden. The entrance of the development will be on East Bond Street which will also see major improvements.

“Since opening its doors in 2008, Highcross has firmly established itself as an integral part of Leicester’s city core. While the structural shift in retail and changing consumer shopping habits have meant that destinations such as Highcross need to adapt their offer and mix of uses, well-connected city centre locations such as this will always be places where people want to be.

“We are delighted to submit this proposal for high-quality homes for local people to rent, which will support our brands at Highcross and contribute to the continued success of Leicester City Centre.”

Mark Bourgeois, Managing Director UK and Ireland, Hammerson 

This project is consistent with Hammerson’s ambitious target to be Net Positive for carbon emissions, water, resource use and socio-economic impacts by 2030. Hammerson is working Packaged Living to minimise both embodied and operational carbon emissions for the scheme and to ensure its resilient to climate risk. During the construction phase, the development will create up to 800 jobs on site and in the supply chain. 

“St Peter’s Lane is the result of Hammerson and Packaged Living’s shared vision to deliver good quality rental homes within sustainable, mixed-use communities. We are delighted to be working with Hammerson, bringing our investment, development and operational experience in the build-to-rent sector to support the re-purposing and evolution of this excellently located asset.”

Mark Woodrow, Joint Managing Director, Packaged Living 

Build to Rent developer – Packaged Living – has a growing portfolio of over 2,000 homes across the UK. The company has been appointed as development manager – providing in-house investment, development and operational capabilities.