UK-based Graham Construction has secured a contract to build waterfront apartment scheme in Liverpool, UK.
The contract has been awarded by Patten Properties and Panacea Property Development, the joint venture that is delivering the project.
The project will be developed on the site, which is currently occupied by the four -storey Strand House.
The old building will be demolished at the end of February 2018 to make for the new 16-storey residential tower.
Located on The Strand, the build-to-rent project will include 163 one-bed units, 187 two-bed units and 45 three-bed units. The project will feature a private gym and roof terrace, alongside 1,000ft2 of ground floor commercial office space.
The building, designed by Leach Rhodes Walker architects, will be built around a concrete frame structure, with off-site podded bathrooms and system façade designed to withstand inclement riverside weather conditions.
Invesco Real Estate, a real estate investment manager, has provided forward funding.
Graham regional director Gary Hughes said: “This is a high quality residential development specifically designed to grace the Liverpool waterfront and we are proud to have been selected as preferred contractor to make it a reality.
“Panacea saw great value in involving GRAHAM at the pre-construction stage, trusting us to advise on design development, the most effective and efficient construction methodologies, site logistics and supply chain solutions.
“Graham has built a strong reputation for advising clients at business case stage and subsequently delivering first-rate residential schemes. We look forward to doing the same here for Panacea and starting on site at the end of February with the demolition of the existing building. We also look forward to working with the local supply chain and to engaging with the Merseyside construction industry apprenticeship schemes.”
Patten Properties and Panacea Property Development managing director Neil Patten said: “The development we have designed within the city’s historic waterfront will set a new standard for residential accommodation in Liverpool. We look forward to delivering the scheme with our chosen contractor, GRAHAM Construction, alongside our professional team including Leach Rhodes Walker, Capita and Curtins.”