McLaren News

McLaren’s Oxbridge ambition

McLaren Property has bought a site from Merton College in Oxford for around £50m, where it plans a 350-bed student housing scheme.

The investment and development arm of McLaren Construction Group has agreed to buy the long leasehold of a site off Manor Place and will work with Merton College to win planning consent and develop the scheme in time for its 2014 intake.

John Gatley, managing director of McLaren Property, said: “We anticipate that this development will become a key asset within our growing student accommodation portfolio, which is focused on new-builds in central London, Oxford and Cambridge.”