Luton Town have today confirmed that they have agreed on a deal to progress the Newlands Park Project, which will have a positive impact on the development of the club’s new ground.
The Championship club have agreed an investment fund advised by Morgan Stanley Real Estate Investing (“MSREI”) and the UK developer Wrenbridge, which will aid the construction of Newlands Park.
Newlands Park, which is a 37-acre site that will have a broad use, including retail, leisure, business, research and development and office spaces, has played a big role in Luton’s proposed new ground, Power Court, to receive the green light.
Quiz: Can you name which club Luton Town sold these 26 players to?
It is believed that the enormous site will generate funding for the construction of the new stadium.
This latest development means that Luton’s proposed 2024 date for the finalisation of Power Court remains intact.
Power Court is an exciting dream that is swiftly coming to reality for Luton fans, and whilst Hatters fans will be waiting another couple of years at least, the reward will be a new town-based ground that will meet the modern demands of society.
Those involved with the construction and leading this project will be hoping to ensure that the atmosphere from Kenilworth Road can be transferred to Power Court.
Here, we take a look at how Luton fans have responded on Twitter to this latest update…
Best of wishes LTFC
— David Kelly (@DavidKeMCMLXV) December 23, 2021
Awesome news. Its coming!🧡
— Phil Coles (@coles_phil) December 23, 2021
An early Christmas present for all town fans #COYH
— James Thomson (@Jatty1972) December 23, 2021
Brilliant news, lads. #TTAGU
— Kevin Crowe (@KevinSCrowe) December 23, 2021
good news…..we've sold the site but still involved in its development, presumably through an 'overage' or sell-on agreement with the purchasers…..viva Power Court
— mick kent (@mickkent2) December 23, 2021
Fantastic news! pic.twitter.com/hNxBBYMz3Y
— Oh When The Town Podcast (@OhWhenTheTown) December 23, 2021
Happy Christmas Hatters!! pic.twitter.com/3os9vpLcvh
— Richard Armstrong (@habbyhatter) December 23, 2021
👀 Get ‘em in! pic.twitter.com/7MdLD0FTap
— We Are Luton Town (@wearelutontown) December 23, 2021