Update on £36.8m development of 165 build-to-rent properties in plan for 1,000 new Sunderland homes
Caddick Construction has been awarded a £36.8m contract to build a 165 build-to-rent (BTR) scheme in Sunderland.
The company has been appointed by Placefirst to the Farringdon Row development, which will feature a mix of townhouses and apartments. The development will be the second new neighbourhood under Sunderland City Council's Riverside Sunderland Masterplan to bring forward 1,000 new homes in the city centre.
Undertaken by Caddick's Durham offices at Belmont Business Park, Farringdon Row adds to the contractor's growing North East portfolio as it increases its focus on a regional project pipeline.
Farringdon Row adds to Caddick's work on behalf of Placefirst, and follows the completion of BTR schemes in the North West and Yorkshire. These include Deansgate Gardens in Bolton and Bolt Works in Halifax.
Steve Ford, regional managing director, Caddick Construction North East & Yorkshire, said: "We're very proud to be continuing our strong partnership with Placefirst on this exciting new build-to-rent scheme in Sunderland.
“Following the successful delivery of Bolt Works and Deansgate Gardens, our appointment to Farringdon Row reflects the quality, trust and shared vision we've built together. We are privileged to play a role in the regeneration of Sunderland, creating high-quality homes and thriving communities for local people."
Phil Jones, development director at Placefirst, added: "Farringdon Row is an exciting addition to our growing portfolio and reflects our commitment to creating quality homes designed for long-term living in Sunderland.
“By working closely with Caddick Construction, we're proud to be supporting Sunderland City Council's ambitious Riverside regeneration plans and bringing new energy to the heart of the city's waterfront.
"Our partnership with Caddick has gone from strength to strength through several successful projects. Now, Farringdon Row will play a key role in continuing to improve the standard of city centre living in Sunderland, through high quality, sustainable homes and green spaces."