Major Groundbreaking for Starlight Investments' Residential Project in Basildon

Major Groundbreaking for Starlight Investments'

Ambitious Residential Project in Basildon

Starlight Investments, a prominent global real estate investment and asset management firm, has officially begun construction on a significant multi-family residential project in Basildon, United Kingdom. This groundbreaking marks a pivotal step in the company’s mission to create sustainable community living solutions. The project is part of a broader urban renewal initiative aimed at transforming Basildon's city center.

The new development will consist of 492 rental units, comprising a variety of one- and two-bedroom apartments spread across a modern, three-story structure. Additionally, it will introduce 16,000 square feet of new retail and commercial space at street level, enriching the local economy and providing essential services to residents.

"This groundbreaking signifies more than just the start of construction; it represents our commitment to building vibrant, sustainable communities that meet the evolving needs of renters in the UK," stated Jonnie Milich, Head of UK Residential at Starlight Investments. "We are proud to bring this vision of modern urban living to a dynamic and growing city like Basildon."

Emphasis on Quality Living Spaces

Future residents will enjoy a host of premium amenities designed to enhance their lifestyle. These features include outdoor terraces for relaxation, a fully-equipped fitness center, dedicated workspaces, and environmentally-friendly amenities such as energy-efficient lighting, solar panels, and electric vehicle charging stations. The strategic location near the city’s main train station makes it an ideal choice for commuters and professionals seeking accessible rental housing with robust transport links, as it’s only a thirty-five-minute train ride to central London.

Basildon is currently experiencing a vibrant transformation driven by a forward-thinking council and a comprehensive renewal strategy that includes significant investments in infrastructure, housing, and public services. This includes initiatives to revitalize Basildon Town Centre with new health facilities and improved public spaces. The district also boasts a solid employment base, with strong economic growth driven by a diverse mix of sectors.

The municipality has positioned itself as a hub for entrepreneurial activity with a flourishing ecosystem of startups and innovative businesses.

Community-Centric Development

“This development is a crucial step in the ongoing revitalization of Basildon Town Centre, delivering the high-quality, forward-thinking residential options we envision for our district,” commented Councillor Gavin Callaghan, Leader of Basildon Council. “Our goal has always been to create a modern, vibrant town center that caters to everyone - from young professionals to families and local businesses. This project brings that vision closer to reality and provides hundreds of much-needed new homes and commercial spaces in the heart of Basildon.”

Neil Strelitz, founder of Orwell Real Estate, expressed enthusiasm about the milestone: “This is an exciting chapter for Basildon, and our collaboration with Starlight Investments. Together, we are creating a thoughtfully designed project that reflects the future of rental living and contributes to creating a vibrant urban environment that residents will love.”

Starlight is now a leading player in the UK build-to-rent (BTR) housing market, developing a wide range of new rental offerings and high-quality apartments in growing cities across the region. The firm is currently working on nine significant BTR projects spread across six UK cities, totaling a portfolio of approximately 4,000 rental units.

About Starlight Investments

Starlight Investments is a globally recognized real estate investment and asset management company based in Toronto, Ontario, Canada. It is a private owner, developer, and asset manager of over 70,000 multi-family homes and more than 7 million square feet of commercial space, collectively valued at approximately CAD 30 billion. Starlight is committed to its mission of combining visionary curiosity with a focus on creating positive impacts for both investors and communities. At Starlight, we invest with purpose. For further information, visit www.starlightinvest.com or connect with us on LinkedIn.