In June 2023, Bluecastle Capital, on behalf of its investors, unconditionally acquired one of the last remaining development sites within the Stevenage Masterplan. In February 2025, the project secured planning consent for a 69m tower delivering 225 high-quality rental apartments.
The development will include many amenities, including residents’ lounges, co-working spaces, a high-quality gym, bike parking and 24-hour concierge. Construction of the tower, which has been designed by 5plus is expected to start in early 2026, with completion due in the middle of 2028.
Stevenage, located 27 miles north of central London with a population of 90,000, is set to host one of Europe’s largest life science campuses, establishing itself as a leading hub for advanced therapies.
The town is currently undergoing a £1 billion regeneration initiative aimed at transforming the town centre into a blend of high-quality residential areas and an employment quarter expected to create 1,850 jobs. These development efforts aim to enhance Stevenage’s status as a key urban centre in Hertfordshire, bolstering its economic, residential, and social dynamics.
In June 2023, Bluecastle Capital, on behalf of its investors, unconditionally acquired one of the last remaining development sites within the Stevenage Masterplan. In February 2025, the project secured planning consent for a 69m tower delivering 225 high-quality rental apartments.
