Council land deal to boost city centre and Covid-19 recovery

Friday 3 July 2020

 

FINAL - Santander land deal

MK Council has completed a deal to safeguard Santander’s new UK HQ build project in Central Milton Keynes.

The deal between the Council, The Parks Trust and Santander will see land sold to the bank build in order to ensure a new state-of-the-art HQ campus for more than 6,000 employees. This opens up development opportunities on the bank’s other MK sites which will be a further boost to the local economy in the recovery from Covid-19.

The new UK head office is due to open by the Autumn of 2022 and complements the Council’s ambitious plans for CMK – including the world-class university MK:U, pioneering work and leisure spaces, and new affordable homes – and work to help MK recover economically from Covid-19.

Leader of MK Council, Pete Marland said: “As we assess the impact of Covid-19 to our local economy, this deal sends out a clear message that MK is very much open for business.  It’s encouraging to see work progressing at Santander’s new HQ which will retain thousands of jobs in MK and create new employment opportunities.

“My thanks go out to council colleagues for their work on this deal and I look forward to further developing our exciting proposals for CMK.”