Socius Development Ltd has acquired Saxon Court in Milton Keynes, a landmark office building with adjacent development site. Funded by Patron Capital, the pan-European institutional real estate investor, Socius Development Ltd is planning to create a new Grade A office hub with flexible workspace, Build-to-Rent homes, retail and community spaces in the heart of the city.
Built in 1980, Saxon Court is a first-generation office building previously occupied by Milton Keynes Council, comprising workspace over three floors. The building sits on a 2.35-acre site in central Milton Keynes, less than 10 minutes from the railway station and close to a host of retail and leisure amenities.
The project team will begin detailed consultation with local stakeholders to develop plans for a dynamic mixed-use scheme comprising approx. 185,000 sq ft Grade A workspace and co-working provision, over 250 Build-to-Rent apartments, modern retail and a new public space for cultural and community use.
The scheme will be designed to support Milton Keynes’ target to be a net-zero carbon city by 2030.
This is an exciting opportunity to create a new mixed-use district in the heart of one of the UK’s fastest growing cities.
Covid-19 is accelerating the shift away from the traditional corporate headquarters to a more agile ‘hub and spoke’ model, with talent more dispersed across regional cities. Our redevelopment of Saxon Court will deliver a mix of coworking and modern workspace for corporate occupiers and remote workers, set within a new mixed-use neighbourhood of Build-to-Rent apartments, retail and community spaces.
Innovation is part of Milton Keynes' heritage, and we will embed technology throughout to ensure Saxon Court is sustainable and future-proof, in keeping with the wider vision for the city centre.
We look forward to working with Milton Keynes council and the local community to develop our plans.
Get in touch with our team
Katherine Ilett
Associate, Capital Markets
A true asset to our capital markets team, Katherine specialises in student accommodation, build to rent, development, and strategic consultancy.
