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The UK’s premier stated household landlord has acquired the planned scheme in a £128m forward funding offer from past developer team ICG Serious Estate and Madison Cairn.

The modify in ownership also brings a modify in contractor. Underneath the primary developer, McAleer & Rushe appeared set for the job just after currently being concerned in the pre-design phase drawing up the construction management prepare.

The web site is positioned inside of the central Redcliff district of Bristol and types element of the next and ultimate phase of Redcliff Quarter

Now Grainger has made the decision to provide in Winvic to deliver the scheme which will start out get the job done on site this autumn.

The setting up undertaking will increase from 7 to 19 storeys throughout 5 blocks arranged all-around a central courtyard. These connected blocks will offer for 374 personal rental flats, as nicely as 94 inexpensive households and 6 business models.

A hotel block planned at one corner of the web page will be brought ahead afterwards as a independent plan

The deal is Winvic’s third undertaking for the establish to lease operator next Grainger’s Brook Put improvement in Sheffield and the Copper Works in Cardiff which is presently beneath design.

Helen Gordon, CEO of Grainger, claimed: “We are very happy to get our third develop-to-rent scheme in Bristol which will further improve our metropolis cluster, bringing our full financial investment in the metropolis to practically 900 residences when total and driving operational efficiencies, even though also enabling us to supply 94 new very affordable houses by using Grainger Belief, our in-household economical housing arm.”

 

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Aaron Morby

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