Contractor GMI Construction has secured a £30m contract to deliver a 259-unit build to rent apartment block in Derby city centre
The build to rent apartment scheme, which will feature a mix of one- and two-bedroom units over 11-storeys has been sold to Grainger plc and will form part of the regeneration of Becketwell.
In addition to working on the construction of the apartment block, GMI will also undertake works on the new public square that will serve as the focal point for the regeneration of Becketwell.
‘Hugely significant regeneration’
GMI Group managing director, Andy Bruce, said: “We are thrilled that the St James Securities team has once again put its trust in GMI to deliver this high-profile apartment block within the Becketwell development.
“We have worked together several times before at sites across the UK and GMI’s relationship with SJS serves as a long-term partnership stretching back several years.
“We are looking forward to working with the full project team and seeing this development come out of the ground and at the heart of the regeneration of Becketwell.”
Oliver Quarmby, managing director of St James Securities, added: “We are delighted to be continuing our long-standing relationship with GMI Construction on what is a hugely significant regeneration project for the City of Derby.
“GMI has a track record of working on award-winning projects for an extensive portfolio of developers, public sector clients and blue-chip companies across a broad range of sectors and we are delighted to have them on board.
“Construction is progressing well, and we anticipate handing the keys over to Grainger at the start of 2023.”
Construction began during May, with the building expected to be completed by March 2023.
