29th July 2020
East Street, Grainger’s £27m Build to Rent scheme in Southampton, due for completion in Spring 2021 with Rund supporting as Project Monitor

Rund is continuing to bolster its Build to Rent (BTR) project portfolio as it offers Project Monitor services on East Street, Grainger’s £27m scheme in Southampton city centre.

The extensive scheme will see the creation of 132 high-quality, purpose-built and professionally managed rental homes, responding to a growing demand in one of the south coast’s most economically vibrant cities.

East Street forms part of an emerging private rental sector offering in Southampton, with the city recently tipped as one of the top 20 future rental hotspots in the UK by CBRE.

In addition to roof terraces providing highly desirable outdoor leisure space for residents, the scheme also includes a ground floor commercial unit and internal resident amenity space, featuring a lounge, gym, co-working space and private experience kitchen and dining room facility.

According to Southampton City Council, the high-quality rental accommodation in Southampton is cited as one of the key drivers of the city’s economic growth. As a result, Rund’s experience and expertise in delivering quality in construction has been instrumental in ensuring East Street meets these stringent standards. As Project Monitor at East Street, our scope of work covers management of multiple risk assessment factors, including quality control, financial and technical review.

Phil Smith, Associate Director at Rund said: “Southampton has become an incredibly attractive development target in the Build to Rent sector, owing to a variety of factors including its strong transport links and excellent employment opportunities. Grainger’s new East Street development is set to capitalise on this opportunity by transforming a disused site into sought-after, high-quality homes for hundreds of prospective renters.”

For further information on how Rund can support your BTR project, please contact [email protected].

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