Galliford Try has secured approval from the Cardiff Council in the UK for its plan to a build-to-rent scheme on part of the Marcol Estate at Guildford Crescent in Cardiff.
The scheme will see the development of 272 new homes in a 30-storey tower, which will offer modern, open plan living with full height windows.
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The homes will come in a mix of one and two-bedroom apartments
Besides being a new landmark in the city, the scheme is expected to serve as a catalyst for Cardiff Council’s proposed Canal Quarter regeneration plans, with the firm also offering works to boost the local public realm as part of the development.
The refreshed terrace located on the ground floor will provide space for retail.
This tower will also feature a shared amenity space for residents such as a fitness studio, games room and resident lounge, along with workspace and private dining areas.
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By GlobalDataThe roof top landscaped terrace on the 27th floor will offer panoramic views across Cardiff Bay, the city centre and to the countryside beyond.
Galliford Try Investments director Phil Harris said: “As part of Galliford Try’s Sustainable Growth Strategy, we have highlighted that build-to-rent schemes such as this are a key part of the plan for our Investments business going forward.
“We are naturally delighted to be reaching a key milestone for this important scheme in Cardiff, the first of its kind for our business in Wales. We look forward to starting on site in 2022 and working with all the stakeholders involved to provide much-needed high-quality rental accommodation for local people.”
The Marcol Estate Limited chairman Derek Rapport said: “As well as creating a stunning building in its own right, this development will kick- start the regeneration of the Canal Quarter, an area of Cardiff to which we have a long-term commitment. We are delighted to be able to bring this forward in conjunction with Galliford Try.”
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The scheme will see the development of 272 new homes in a 30-storey tower, Credit: Ichigo121212 from Pixabay
