Work for developer MBU Capital due to finish in 2020

MBU Capital Luton development

A 拢48m residential development in Luton has been given the planning OK.

London-based investor MBU Capital is behind the scheme which will include 133 one-bed apartments along with 50 two-beds spread across three blocks rising from five to 12 storeys.

Designed by GTA, the scheme will include communal roof gardens.

A contractor has yet to be appointed but work is set to start next month and due to be completed by autumn 2020.

MBU is eyeing a number of sites in a string of towns that ring London under its 鈥榗ommuter strategy鈥� initiative which targets developments within commuting distance of the capital.

It has already ploughed 拢50m into a scheme in nearby Stevenage called Park Place, a 200 home project being built by Ashe Construction.

 

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