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184 affordable homes coming to Milton Keynes

UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley, Milton Keynes.

The four-acre scheme, named Bletchley View, will provide a mix of affordable and shared ownership properties, a combination of one and two bed flats as well as 12 three-bedroom houses.

CBRE UK Affordable Housing Fund (AHF) invests in affordable housing with the aim to have a significant social impact across the United Kingdom.

Bletchley View will cater to the growing demand for affordable homes in the area, especially from young people and families, seeking quality housing within commuting distance to employment opportunities. It will consist of two six and five-storey buildings, a row of townhouses as well as commercial spaces for the benefit of residents and the neighboring communities.

Aligning with the sustainability ambitions of AHF and Godwin, air source heat pumps for hot water and a mechanical ventilated heat recovery system will be installed. The scheme is also located close to a train and bus station to help promote the use of public transport.

Part of the multi-million-pound redevelopment plans for the Buckinghamshire town, famous for its role in World War II code breaking, Bletchley View will also support ambitious local plans for delivering more homes, wider infrastructure upgrades and amenities to the area. Located adjacent to Bletchley station, with connections to London and across Oxfordshire and Cambridgeshire as a part of East West Rail, the scheme will be close to a range of existing amenities, with more to be delivered soon as a part of the metropolitan hub. When completed and fully occupied, it will sustain a diverse range of local shops, bars, cafes, restaurants, niche retail and SMEs which are expected to make Central Bletchley a destination in its own right.

National business Winvic Construction has been appointed as the main contractor on the scheme with work on site already underway and expected to complete in Q2 2024.

Godwin was advised by agents CBRE and lawyers Hamlins. Simply Planning were the planning consultant. Advisors to CBRE Investment Management were Penningtons and CS2.

Godwin Developments has a fast-growing nationwide portfolio, including nearly 3,000 residential units nationwide some of which are set to begin construction in the second half of 2022. The business operates across the BTR sector covering both multifamily and single-family housing as well as affordable homes with a number of residential developments covering Nottingham, Doncaster, Cambridgeshire, Milton Keynes and Derby, and many more in the pipeline. The company’s commercial and industrial divisions work includes recent developments in Northamptonshire, Staffordshire, Dorset and Cambridgeshire, alongside a strong UK-wide pipeline.