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18/09/2018

Engie Secures £52m PRS Contract

More than 230 new homes are to be built in Newbury, Berkshire.

Engie Regeneration has been appointed by Grainger to deliver the £52 million scheme, which will see 232 new homes delivered for rent and improved pedestrian access developed from Newbury train station to the town centre.

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Work on the PRS project, which is being built in partnership with West Berkshire Council and Network Rail, is expected to begin before the end of this calendar year. Completion is set for 2021.

Helen Gordon, Chief Executive of Grainger, said: "We are pleased to announce this key milestone for our Newbury PRS scheme, which increases our secured investment pipeline to over £800m.

"This scheme will deliver 232 high quality new homes for rent to Newbury, and it will significantly improve the gateway to Newbury and connection to the railway station and station amenities."

(LM/MH)

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