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Contract Wins and Joint Ventures

U and I secures forward-funding for Circus Street, Brighton

07 August 2017 08:28

U and I Group (UAI), a property regeneration company, has secured £70 million of forward-funding to develop Circus Street, Brighton, in partnership with GCP Student Living and Gravis Capital Management.

The Circus Street development is a £130 million mixed use partnership with Brighton and Hove City Council.

The plans for the regeneration project include 142 new homes, 450 student bedrooms and 30,000 sq ft of new office space.

Construction has now begun on the project and the majority of the buildings on site will complete in 2019.

At 8:28am: (LON:UAI) U and I Group Plc share price was -1.75p at 191.75p

Story provided by StockMarketWire.com

Related Company: UAI

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