UK: Construction company Galliford Try’s Investments and Building businesses have signed contracts to deliver a £52 million BTR development at Guildford Crescent in Cardiff.
It will build the 30-storey scheme on behalf of developer The Marcol Estate, which is owned by the Rapport family.
Construction is set to commence in September and is expected to be completed in 2026.
The residential tower will feature 272 one- and two-bedroom apartments, a fitness studio, sports room, resident lounge, flexible workspace and private dining areas.
The ground floor will feature retail space and there will be a planted rooftop terrace on the 27th floor.
Galliford Try CEO Bill Hocking said: “Build-to-rent is a key area for growth within our business’s sustainable growth strategy. 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.”
The project was given planning consent by Cardiff Council in November 2021.
