HG Living Ltd., a property development company who specialise in purpose built student accommodation (PBSA), build to rent (BTR) and affordable housing schemes, has been introduced by Hertfordshire based HG Construction.
An £80m build-to-rent scheme for Pension Insurance Corporation in central Milton Keynes will be one of HG Living’s first planned schemes.
The scheme, to be called Bowback House will consist of 306 residential apartments together with assorted amenity space, with HG Construction as the main contractor.
Designed by Latitude Architects, the building will replace the existing three storey office block, and will rise in a series of steps from five to fourteen storey’s.
Joining HG Living as a director and board member is Craig McPhail, he moves from Montague Evans, Surveyors, where he was a partner and head of alternative living. Also joining the team as executive director is James Young, who was previously at The Collective, a lettings agency which went into administration last year.
Established in 2000 as a management buyout of property developer Hunting Gate Construction operations, HG Construction has grown annual revenues from approximately £50m to more than £200m.
Christoper Benham, HG Construction chief executive said: “After several years of working behind the scenes to develop this side of the HG Group under HG Developments, we are delighted to eventually launch HG Living”.
“Craig and James will contribute a wealth of development experience and we are confident that these new appointments will help us to expand in the residential rental and affordable homes sector, and help us to continue developing high quality student housing schemes”.