Stevenage town centre regeneration: Ribbon cut on Park Place second phase

PUBLISHED: 12:32 10 May 2018 | UPDATED: 12:32 10 May 2018

Stevenage Borough Council chief executive Scott Crudgington cuts the ribbon at Park Place with Ashe Construction chairman Bob Blake, borough council assistant director for regeneration Patrick Lewis, MBU Capital managing partner Ajaz Ahmed and MBU Capital real estate development head Perry Stock. Picture: Luke Richards Photography

Stevenage Borough Council chief executive Scott Crudgington cuts the ribbon at Park Place with Ashe Construction chairman Bob Blake, borough council assistant director for regeneration Patrick Lewis, MBU Capital managing partner Ajaz Ahmed and MBU Capital real estate development head Perry Stock. Picture: Luke Richards Photography

Archant

Stevenage town centre's regeneration took another step forward yesterday as the ribbon was cut on the second phase of a £50 million project.

Stevenage Borough Council chief executive Scott Crudgington formally unveiled the second block of the Park Place development, Boston House – which contains 202 flats – flanked by representatives of developer MBU Capital and construction firm Ashe.

“Park Place provides new homes in the centre of Stevenage,” said Mr Crudgington.

“It complements the borough council’s £350 million redevelopment plans, which will bring a boost to our local economy with the potential for hundreds of new jobs and training opportunities for local people.”

The development is being led by MBU Capital’s Ajaz Ahmed. The company says about 60 per cent of the flat sales there so far have gone to “local people, many using the government’s help-to-buy scheme”.

Work is set to start on an £18 million block of flats off Six Hills Way and London Road next month.

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