Peveril Securities and MDM secure planning for Oxford Gardens BTR

Peveril Securities and Marchmont Development Management (MDM) secure planning approval for Oxford Gardens Build to Rent scheme.

Oxford Gardens Build to Rent development. Peveril Securities and MDM have secured planning for the scheme | BTR News
Oxford Gardens Build to Rent development. Peveril Securities and MDM have secured planning for the scheme.

Peveril Securities and development partner MDM have obtained resolution to grant planning permission from Bournemouth, Christchurch and Poole Council, to redevelop Holland House in Bournemouth from an office building into Oxford Gardens – a Build to Rent scheme.

The 82,299 sq ft former office building on Oxford Road in Lansdowne was acquired by the partnership from Fidelity UK Real Estate for £9.85m in 2021. Bray Fox Smith had acted on behalf of Peveril on the transaction.

“This is a significant milestone for the project, which will deliver much needed new homes in Bournemouth, while contributing to the regeneration of this area. It has been great to work alongside MDM on this project and we look forward to growing this relationship as we move to the next stage.”

Chris Kirkland, Director, Peveril Securities
Oxford Gardens will inclide coworking space, a retail unit and a cafe | BTR News
Oxford Gardens will inclide coworking space, a retail unit and a cafe.

Previously obtaining permitted development rights permission for 130 residential units, the new proposals will see the delivery of 487 new Build to Rent homes – a mix of one, two and three-bedroom apartments in a 29-storey building.

Designed by Jo Cowen Architects, Oxford Gardens will feature coworking space, a retail unit and a cafe – as well as a new public square. The scheme will also include 112 car park spaces and 534 cycle spaces.

Construction is anticipated to start in April 2024 with MDM to continue consultations with the local community on the development. The project team for Oxford Gardens also includes HGH, Cascade, Churchman Thornhill Finch, Elliott Wood, Hoare Lea, Landmark Trees and Quartz.

“We are aware of the growing need for high-quality housing for young professionals in Bournemouth and we have worked very hard to tailor a scheme that meets this local need. We are exciting about moving to the next stage of this important development for Holland House.”

Nick Hornby, Development Director, MDM