Starlight Investments Unveils Major Rental Development Project in Basildon

Starlight Investments Announces Major Rental Project in Basildon

Starlight Investments, a prominent global firm in real estate investment and asset management, has declared the commencement of its highly anticipated rental development project in Basildon. This landmark initiative marks a significant milestone in the company's strategy to enhance housing availability.

The project, strategically located in a key area within the city’s comprehensive regeneration plan, is poised to have a substantial impact on the transformation of Basildon's urban core. Once completed, the mid-rise complex will feature 492 rental suites, comprising a blend of one- and two-bedroom apartments, alongside 16,000 square feet of newly revitalized commercial and retail space at street level.

Jonnie Milich, Starlight Investments’ UK Residential Director, remarked, “This groundbreaking symbolizes more than just the start of construction; it represents our commitment to building vibrant and sustainable communities that meet the evolving needs of UK renters. We're excited to bring this shared vision of modern urban living to this dynamic and growing city.”

Future residents are set to enjoy premium amenities, including outdoor terraces, a fully-equipped gym, co-working spaces, and sustainable features such as high-efficiency lighting, solar panels, and electric vehicle charging stations. Located conveniently near the city's main train station and just 35 minutes by train from central London, the project is ideally positioned for commuters and professionals seeking quality rental housing with excellent transport connectivity.

Basildon is undergoing a period of dynamic transformation, backed by a forward-thinking council and a comprehensive regeneration strategy. The city is heavily investing in infrastructure, housing, and public services, which includes the revitalization of Basildon’s town center, the development of new health centers, and the improvement of public spaces. With a solid employment base and robust economic growth in recent years—driven by a diverse mix of sectors—Basildon has emerged as a hub of entrepreneurial activity and sustainable growth.

Gavin Callaghan, Leader of Basildon Council, stated, “This development represents a significant step forward in the revitalization of Basildon’s town center, providing exactly the type of high-quality, future-ready housing we want to see in our borough. Our ambition has always been to create a modern, dynamic urban center that benefits everyone—from young professionals to families and local businesses. This project brings that vision closer to reality, creating hundreds of much-needed new homes and commercial spaces in the heart of Basildon. We are proud to partner with organizations like Starlight Investments that share our long-term commitment to inclusive and sustainable growth.”

Neil Strelitz, founder of Orwell Real Estate, added, “This milestone marks an exciting chapter for Basildon and our partnership with Starlight Investments. Together, we are delivering a thoughtfully designed development that reflects the future of rental housing and contributes to a vibrant urban environment where residents can thrive.”

As a leading operator in the UK's build-to-rent (BTR) sector, Starlight has focused its residential portfolio on providing new and high-quality rental housing in emerging cities across the region. The company is currently developing nine major BTR projects in six UK cities, catering to a portfolio of 4,000 rental apartments.

About Starlight Investments

Starlight Investments is a global leader in real estate investment and asset management, headquartered in Toronto, Ontario, Canada. The company owns, develops, and manages over 70,000 multi-residential suites and more than 7 million square feet of commercial space, with CAD 30 billion in assets under management. Starlight's mission is to balance its growth trajectory with an innovative vision to create a positive impact for investors and communities alike. At Starlight, we invest with purpose. For more information, visit www.starlightinvest.com or connect with us on LinkedIn.