Construction engineering firm GMI Construction has secured a contract worth £30m from St James Securities to construct build to rent (BTR) scheme in the new Becketwell development in Derby, the UK.
The 11-storeys apartment block will comprise a mix of one- and two-bedroom units. The development has already been sold to Grainger, British residential property business.
The scope of work under the contract also involves work on the new public square, which will serve as the focal point for the regeneration of Becketwell.
Construction of the project is anticipated to be completed by March 2023.
Becketwell will include apartments and a range of office spaces for different types of business from small start-ups to large corporates.
Work on the new development will be delivered in phases, with the initial phase proposed to feature about 310 BTR apartments, restaurants, cafes and the new public square.
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.”
Recently, the construction engineering firm was awarded a contract by The Symphony Group to develop a 332,626ft2 production warehouse facility at its headquarters in Barnsley, the UK.
Designed by architect Garnett Netherwood, the new facility will include enhanced FM1 floor slabs and will be built adjacent to Symphony’s existing production plant.
Rendering of Becketwell mixed-use regeneration project in Derby, the UK. Credit: GMI Construction.