Topic Contracts
Date 04 Nov 2021
Cardiff Council has approved plans for a key a build-to-rent development by Galliford Try on part of the Marcol Estate at Guildford Crescent in Cardiff.
The development will see the creation of 272 new homes in a 30-storey tower which will provide attractive, modern, open plan living with full height windows in a mix of one and two-bedroom apartments reflecting the current demand within Cardiff City centre.
As well as being a new landmark in the city, the development will act as a catalyst for Cardiff Council’s proposed Canal Quarter regeneration plans, with Galliford Try also providing works to improve the local public realm as part of the development. The refreshed terrace on the ground floor will provide retail spaces that will spill out onto the new paved areas bringing in a continental café style area.
The building will include a large amount of attractive, shared amenity space for residents which will provide areas such as a fitness studio, games room and resident lounge, along with flexible workspace and bookable private dining areas. Residents will also benefit from a stunning roof top landscaped terrace on the 27th floor providing panoramic views across Cardiff Bay, the city centre and to the countryside beyond.
Phil Harris, Director for Galliford Try Investments, commented: “As part of Galliford Try’s Sustainable Growth Strategy, we have highlighted that build-to-rent schemes such as this are a key part of the plan for our Investments business going forward. We are naturally delighted to be reaching a key milestone for this important scheme in Cardiff, the first of its kind for our business in Wales. We look forward to starting on site in 2022 and working with all the stakeholders involved to provide much-needed high-quality rental accommodation for local people.”
Derek Rapport, Chairman of The Marcol Estate Limited, commented: “As well as creating a stunning building in its own right, this development will kick- start the regeneration of the Canal Quarter, an area of Cardiff to which we have a long-term commitment. We are delighted to be able to bring this forward in conjunction with Galliford Try.”