Blocwork LLP, a joint venture between Network Rail and Bloc Group has appointed Graham as construction partner to build a Private Rented Sector (PRS) build to rent development on Queens Road, Nottingham
The development is being funded by the FTSE250 property business, Grainger Plc, the UK’s largest listed provider of private rental homes, and is its first PRS build to rent development in Nottingham.
Designed by Franklin Ellis Architects, the development has already secured planning consent for 348 homes and is located in a desirable location on Queens Road, which is near the town centre and adjacent to Nottingham railway station.
Providing 197,250 sq ft over 10 floors, the development will comprise a mix of studio, one, two, and three-bedroom apartments, with amenity and commercial space at ground floor level.
Graham started on site last month and construction is expected to complete April 2023.
It will be built in just over a 2-year construction programme.
Working closely with the private sector
Ronan Hughes, regional director from Graham, said: “There’s a strong market for high-quality PRS development in Nottingham and this project represents a positive step forward in the area’s future development.
“Grainger is universally recognised as one of the leading providers of build to rent accommodation, so we are looking forward to working with them and the wider project team to bring this development forward.”
Stuart Kirkwood, group property director, Network Rail Property, commented: “The Nottingham development is a fantastic example of Network Rail working closely with the private sector to deliver vital new homes on land no longer required by the operational railway.
“The investment by Grainger points to the growing appetite in the sector for viable build to rent schemes, and we are pleased this investment has now moved on the construction phase.”
Richard Thomas, director, Bloc Ltd and Blocwork LLP, added: “We are delighted to be working with Graham and Grainger on this project.
“Having been a former student at Nottingham University many years ago, I have really enjoyed putting the scheme together with our team that once completed will add to the vibrancy of this part of Nottingham and complete the redevelopment of the station which has become a great regional transport hub.”
