British Land announces it has committed to Phase 2 of Aldgate Place, the 136,000 sq ft residential-led Build-to-Rent development located on the City fringe.

The mixed use scheme will comprise 159 premium Build-to-Rent apartments, 19,000 sq ft of best-in-class office space and 8,000 sq ft of retail and leisure space.

The design includes a comprehensive upgrade to the public realm with increased biodiversity and a focus on health and wellbeing.

Aldgate Place will be a net zero carbon development with embodied carbon of around 620kg CO2e per sqm. The development will target BREEAM Excellent on the office space, Code for Sustainable Homes level 4 on the residential, as well as WiredScore Gold digital connectivity. Local procurement and employment is a priority, and British Land will provide 10 paid apprenticeships.

Simon Carter, CEO, British Land commented: “We are excited to commit to Phase 2 at Aldgate Place, our first Build-to-Rent development which will be an exceptional building in a thriving part of the City. This is another example of us executing against our strategy, exploiting our competitive strengths in development to deliver high quality space with a range of uses in excellent locations.”

With Aldgate Place British Land's total development commitments are more than 1m sq ft since November 2020, following recent commitments to 1 Broadgate and Norton Folgate. Works at Aldgate Place will commence on site in Q3 2021. Phase 1 of the scheme was completed in 2017 and comprised 304 apartments and a 160 bedroom hotel.