Park First has praised news of a £300 million development set to be built next to its Luton airport car parking site has been given the green light.
The council has given the go-ahead for the former Vauxhall car plant site to be turned into a mixed-use development featuring apartments, a hotel, medical centre, park, retail and leisure complex – as well as Luton’s tallest building.
The site is adjacent to Park First’s Luton car parking site, which serves London Luton Airport customers under the Swift Park brand.
The Napier Gateway development – scheduled for completion in 2020 – is the brainchild of J2 Global, who are gearing up to start work on the 24.5 hectare site.
J2 Global’s managing director, Javed Hussain, said, “After years of planning we couldn’t be happier to get the go-ahead to deliver this iconic project. Located on the former Vauxhall site on the edge of the town centre, just across the road from Luton Airport Parkway station, it couldn’t be better placed for those that will live, work and visit here.
“Napier Gateway will help transform the town into an out-of-London hotspot, with a mixture of private sale and affordable homes, as well as modern buildings and facilities to attract new businesses, which in turn will bring hundreds of new jobs to the area.”
A spokesperson for Park First said: “Park First has long been an advocate of the immense development potential of our Luton car park and its neighbouring site. The addition of high rise office, retail and residential developments on our site is firmly on our future radar.
“The news that Napier Gateway has received the green light is simply fantastic for the area and it brings a large increase in value to our own site.”
London Luton Airport itself is in the midst of a £110 million investment programme to upgrade the airport and its facilities. Other developments in the city include the creation of an enterprise zone, football and concert stadium and improved public transport links.