Aviva Investors, the global asset management business of Aviva plc, announces it has acquired a site less than a mile from Ipswich town centre with planning for the development of over 163 family homes, as it continues to grow its UK single-family rental platform in partnership with Packaged Living, the specialist UK Build-to-Rent (BtR) developer.
Spanning 7.66 acres along the north bank of the River Orwell and situated opposite Ipswich train station, the community is expected to comprise a mix of two-bed, three-bed, and four-bed homes which together will provide almost 160,000 sq ft of housing once complete.
It is one of several residential developments currently being undertaken by Aviva Investors as it continues to increase supply of affordable homes across the UK and Europe. These include construction of 195 affordable and energy-efficient homes in the West Midlands, as well as two schemes in Spain; a 71-home project in the Sants district of Barcelona and 85 units in the La Gripia district of Catalonia.
As with those projects, and in keeping with its Net Zero Pathway for Real Assets launched in 2021, Aviva Investors and Packaged Living will place environmental credentials at the forefront of the scheme’s design, with homes using air source heat pumps for heating needs, rather than gas or electric boilers, and electric vehicle (EV) charging infrastructure to be fitted on each house. It has also stipulated homes target a minimum EPC rating of B.
Ipswich itself benefits from strong transport links by road, rail, air and sea networks, including fast connections to London Liverpool Street, Cambridge and Norwich.
