The team behind a 171 apartment build-to-rent scheme in Leicester’s Waterside regeneration area has won £25 million of backing. Work is already underway on the Hylyfe Leicester scheme going up in Highcross Street, next to the city’s Novotel.
Developer Monk Estates, which is based in Nottingham, has been loaned the money from MAF Finance Group, working in conjunction with the Housing Growth Partnership (HGP) and Pluto Finance.
The site, close to Highcross shopping centre, includes two connected apartment blocks spanning four storeys, integrated with a former hosiery factory.
