Construction News

30/09/2016

Grainger Agrees £40m Deal For PRS Scheme In Leeds

Property developer Grainger has agreed to forward purchase a new Private Rented Sector (PRS) development for £40 million in Leeds.

The company has committed to the build-to-rent Leeds Riverside scheme on the former Yorkshire Post Gateway site in the city centre.

The development will comprise of 242 new PRS homes over 18 floors including 72 car parking spaces. In addition, 3,600 sq ft of amenity space and a 3,277 sq ft commercial unit will be developed.

-- Advertisement --

Leeds is one of five key target cities for Grainger's PRS investment strategy, alongside Bristol, Manchester, Birmingham and London.

Helen Gordon, Chief Executive of Grainger, said: "We are pleased to announce this sizeable PRS build-to-rent acquisition that will deliver 242 new, purpose-built rental homes in Leeds city centre. Leeds is a vibrant city which holds all the key characteristics of our PRS investment strategy, including a large professional workforce and significant economic growth potential."

The scheme is expected to be fully complete in 2019.

(LM/CD)

News Archive

Latest Construction News

17/04/2025

Willmott Dixon To Deliver New Visitor And Fores...

Willmott Dixon has been selected by Oldham Council to build a new Visitor Centre and Forestry Skills Centre at Northern Roots, the UK's largest urban farm and eco-park. The development marks a major milestone in the transformation of 160 acres of green space at the heart of Oldham, part of the coun

17/04/2025

Construction Starts On New Versa Laboratory Fac...

A groundbreaking ceremony has officially marked the commencement of construction for Versa, a state-of-the-art laboratory facility at King's Cross. The project, which is being delivered by Morgan Sindall Construction, has been commissioned by Kadans Science Partner, a prominent European investor s

17/04/2025

New Bridge Opens As Major Milestone Reached On ...

A major milestone has been reached on Skanska's A428 improvement scheme, as the project team connected the new A428 and B1040 roads over a newly constructed bridge and opened it to traffic last weekend. The achievement marks a crucial step forward in the project, enabling access to part of the main

17/04/2025

Eco-Friendly Solar-Powered Welfare Units

Our welfare unit hire division offers innovative ecowelfare units ready to be delivered nationwide and available in a range of configurations to accommodate 7, 12, or 15 persons with our most popular unit being our 12ft model fitted with advanced solar panels means there is no noise or vibrations f

17/04/2025

Huddersfield Station To Close For 30 Days For M...

Huddersfield Station will temporarily close from Saturday 30 August to Monday 29 September 2025 to allow for a critical phase of engineering work as part of the Transpennine Route Upgrade (TRU). The closure will enable extensive track and platform remodelling at the Grade I listed station, which ha

17/04/2025

New-Look Mumbles Prom Takes Shape With Unique F...

Visitors to Mumbles over the Easter holidays can now enjoy the transformed promenade, as major upgrades under the Mumbles Coastal Protection Project near completion. Contractors have begun laying a durable buff-coloured top surface, replacing the previously installed black Tarmac. The fresh finish

17/04/2025

Herefordshire Council Secures £1m Grant To Crea...

Herefordshire Council has secured £1 million in funding from the government’s Public Sector Decarbonisation Scheme, to redevelop Hereford's Museum and Art Gallery into one of the most energy-efficient heritage public buildings in the UK. The funding will be used to install a low carbon heating syst

17/04/2025

David Lloyd Leisure Submits Plans For Club At W...

David Lloyd Leisure, Europe's leading health, fitness and wellness group, has submitted a planning application to Wirral Council for a new club at Wirral Waters. The proposed club, set to create up to 100 permanent jobs upon completion, will be located at Peel Waters’ Bidston Dock site off Wallasey

16/04/2025

Construction Begins On Housing Development In N...

Pennyfarthing Homes has officially broken ground at Danes Park in New Milton, launching construction on a significant new residential development that will deliver 164 homes. To mark the milestone, directors from Pennyfarthing Homes welcomed Councillor Steve Davies, Portfolio Holder for Housing and

16/04/2025

GMI Construction Group Delivers First Dakota Ho...

GMI Construction Group is celebrating the official opening of Dakota Newcastle, the North East's first Dakota Hotel, situated on Newcastle's Quayside. The 118-room luxury boutique hotel, located at St Anne's Wharf, has welcomed its first guests and is poised to become a major addition to the region