£27m project for city centre
National Regional Property Group has commenced works on a major Build to Rent regeneration project that will completely transform the East Street area of Southampton City Centre.
The c.£27m development, designed by HGP Architects, will feature a range of contemporary one and two bedroom apartments.
The project has now moved forward as National Regional Property Group signed a deal with Grainger plc, one of the UK’s biggest professional landlords, to take ownership of the building once it’s complete. The development will be Southampton’s second Build to Rent scheme and Grainger will be responsible for letting and managing all 132 apartments, making it attractive to a wide range of occupiers.
Shaun Adams, CEO of National Regional Property Group, said: “These plans have been a long time in the making and we’re thrilled that work is now underway on site. It won’t be long until the demolition is underway.”
Mike Harris, Director of Growth at Southampton City Council said: “The development at East Street reinforces the importance of Southampton having a City Centre Master Plan. It gives developers the confidence to be part of the transformation of this part of the city centre, which is currently undergoing significant redevelopment.