Hammerson has announced plans to bring forward a build-to-rent residential scheme at Highcross in Leicester’s city centre and is working with Packaged Living to develop the plans ahead of submission of a planning application this year. 

The development would see part of the former Debenhams department store at Highcross, transformed into new homes and major improvements on New Bond Street where the entrance will be located.

The scheme will provide over 300 new homes and improved public realm for the city alongside bespoke resident amenities including co-working space and a private dining room.

Mark Bourgeois, Managing Director UK and Ireland at Hammerson, said: “This exciting project will meet demand for rented accommodation in Leicester city centre and ensure Highcross remains an exciting destination for visitors, whilst supporting local businesses and boosting footfall.”

The retail frontage onto the mall at Highcross will be retained and the space transformed into smaller and more flexible space for retail and leisure brands.  

Packaged Living has been appointed as development manager, enabling Hammerson to utilise their in-house investment, development and operational capabilities. 

Mark Woodrow, Joint Managing Director at Packaged Living, said: “We are delighted to be working with Hammerson and share their vision for a vibrant mixed-use community in an excellent city centre location. The combination of Hammerson’s vision and Packaged Living’s experience in delivering thousands of build to rent homes provides a strong basis for a successful relationship.”

In addition to supporting up to 800 jobs on site and in the supply chain during the construction phase, Hammerson is working closely with Packaged Living to minimize both embodied and operational carbon emissions for this scheme and to ensure it is resilient to climate risk.