UK-based construction company Galliford Try’s Investments and Building businesses have signed contracts to deliver a £52m build-to-rent (BTR) development at Guildford Crescent in Cardiff, UK.
The project is being enacted on behalf of property developer The Marcol Estate, which is owned by the Rapport family.
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Construction of this 30-storey residential building is set to commence next month and is expected to be completed in 2026.
The residential tower will feature 272 one- and two-bedroom apartment floor plans, as well as facilities such as a fitness studio, sports room, resident lounge, flexible workplaces, and private dining spots.
There will be shop spaces on the ground floor and a planted rooftop terrace on the 27th floor of the property.
Galliford Try CEO Bill Hocking said: “Build-to-rent is a key area for growth within our business’s sustainable growth strategy.
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By GlobalData“The Guildford Crescent scheme is the first of a number of similar schemes we are taking on in this space and we look forward to creating fantastic new living spaces for the community in Cardiff alongside our partners.”
In November 2021, Cardiff Council approved the proposals for this development.
The building will be developed on the location of the former Gwdihŵ music venue and two restaurants, Madeira and Thai House.
Despite objections from both community residents and local officials, these structures were demolished in 2019.
