Ahli United Bank Acquire Durham Student Accommodation
25th Sep 2018
Graham Group has secured a contract worth £113 million to deliver a 1,400-bed student accommodation development in York.
The project forms part of the University of York's 'Campus Masterplan', with initial development work expected to start in January and construction work completed within two years.
Graham Group will complete the first phase of the residential expansion of the Heslington East Campus, which result in the development of high-specification student living and communal space. The construction company is also an investor as part of a consortium with Equitix, a fund manager of core infrastructure assets.
Commenting on the appointed, Graham Group chairman, Michael Graham said: "We are committed to providing outstanding student accommodation and the 1,400 units delivered across the first phase of this project will bring our total output in the sector to more than 10,000 in the past five years."
"We look forward to developing this fantastic scheme and the positive impact it will have on the local community, creating opportunities for work and engagement with local businesses as we construct a high-class development that reflects York's strong heritage."
The announced comes just a week after the company posted record breaking financials. The privately-owned business saw a 36% jump in revenues to £767.6m in the year to March, with growth reported across all divisions.
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