This article was first published in BTR News, and is available here.
Developer H2Ourban and real estate provider bloc, in partnership with The Canal River Trust, have announced that work has started on the Grade II listed former British Waterways warehouse in Nottingham to be transformed into a new Build to Rent scheme.
Funded by Citra Living, part of Lloyds Banking Group, the development site is located on the canal side area at Castle Wharf, in the Canal Conservation Area. The six-storey former warehouse dates to 1919 and was originally built to help move goods along the Nottingham and Beeston Canal.
The building will be converted to comprise 95 Build to Rent units in a mix of 12 studios, 42 one-bedroom and 41 two-bedroom apartments, including a rooftop extension housing eight apartments. Ground floor amenity space for residents will also be included.
“Bringing disused buildings back in to use and regenerating areas into new communities is central to what Citra Living is about. Regenerating the warehouse at Castle Wharf will bring much needed homes to the area, allowing more people to live in the type of quality homes they want in the areas that give them access to the facilities and amenities they want.” Andy Hutchinson, CEO, Citra Living
Citra Living appointed surveying and construction company Rund to undertake Technical Due Diligence followed by being the Project Monitor, where Rund will see the project through to completion.
“This redevelopment project draws on our specialism in managing Build to Rent projects through to successful completion, while also benefitting from our expertise in dealing with sensitive Listed building conversions, safeguarding heritage for future generations. Once completed, the scheme will breathe new life into a historic building in a prime waterside location, making it an exceptional place to live.” Tom French, Associate Director, Rund
Designed by Franklin Ellis Architects, the new Build to Rent scheme is being constructed by Jessops Construction Limited and completion is due in March 2025.