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CBRE on behalf of Zephyr X, has launched 500 Avebury Boulevard, a best-in-class Build-to-Rent scheme in Milton Keynes, which will upon completion make a significant addition to the city’s growing residential offering. The development of 376 apartments, will deliver a best-in-class scheme, designed to meet the needs of modern urban living as well as meeting the highest ESG and Building Safety standards. Construction on the dual core scheme is set to begin in Q1 2026, with completion expected in 2028.
The new development reflects the increasing demand for well located, professionally managed rental accommodation in Milton Keynes. The city continues to attract investment, with impressive rental growth and occupancy rates due to its strong employment base, excellent transport links, and dynamic local economy. Milton Keynes is situated centrally within the Oxford-Cambridge growth arc and has been highlighted as a growth hotspot for tech companies. The new East West Rail, continues to improve connectivity in the region, while the recently announced Universal Theme Park in neighbouring Bedford, will directly boost the Milton Keynes economy and further drive demand for high quality rental homes.
Milton Keynes has emerged as a prime destination for Build to Rent, driven by strong population growth, employment opportunities, and its strategic position as a tech hub within the golden triangle of London, Oxford, and Cambridge. The recent announcement of the Universal Theme Park—the first of its kind in Europe—further underscores the city’s impressive investment potential.
500 Avebury Boulevard is an exciting addition to the market, offering high quality rental homes in a city that continues to thrive as a hub for both living and working.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.