UK-based construction firm Graham has secured a £36m contract from Panacea Property Development for the construction of a new build-to-rent project in Sheffield, South Yorkshire, UK.

The new scheme is the final phase of the Well Meadow regeneration project, which is funded by Grainger Residential.

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The regeneration project involves construction of two residential buildings for the build to rent market in the Well Meadow Conservation Area in Sheffield City Centre.

It will provide 284 studio, one-, and two- bedroom prime residential apartments, which will complement Grainger’s current offer in Sheffield.

Construction work on the project is expected to be completed by 2023 summer.

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Graham regional director Peter Reavey said: “We’re proud to be working again with Panacea Property Development following our successful development of the Copper House – Liverpool in February 2021.

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“We are also excited to be working with Grainger PLC, which is delivering hundreds of homes for rent in one of the UK’s most thriving cities.

“Sheffield is undergoing a period of regeneration and the provision of high-quality housing remains a priority.

“This latest phase will certainly enhance the opportunities available to renters and we’re pleased to be working with the team to deliver them.”

In October this year, the company topped out at the University of York’s £130m student accommodation project in York city.

The new 1,480-bed scheme is a part of the University of York’s “Campus for the Future” masterplan.

It includes 18 blocks that will feature en-suite bedrooms, 200 living rooms/kitchens, and more than 18,000ft2 of steel frame social hubs spread over two buildings.

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Rendering of the Well Meadow regeneration project in Sheffield. Credit: GRAHAM Group.