Rund worked as Independent Project Monitor on long-term client, Grainger’s first investment in Nottingham – a £55.5m Build to Rent development next to Nottingham train station.
Project Background
A valued client of ours for the past 5 years, Grainger, the UK’s largest listed residential landlord, forward-funded the 348-home Build to Rent development on The Barnum, which was developed by Blocwork – a 50:50 joint venture between Network Rail and Block Group to develop national rail side sites.
The project marks the largest of three simultaneous Build to Rent projects Rund has worked on with Grainger.
In addition to providing quality homes for rent, the development includes a range of resident amenities, including a residents’ lounge, roof terrace, gym and a café. Practical completion was achieved in October 2023, with residents set to move in from November 2023.
Grainger’s latest project is set to benefit many young professionals and students in the city, as Nottingham has been named one of the top 20 future rental hotspots by CBRE.
The Solution
Our expertise was essential in helping deliver high-quality homes and resident amenity space for hundreds of prospective renters.
Our scope of work covered technical due diligence and management of multiple risk assessment factors, including quality control, financial and technical review.