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Funds secured for Brighton Circus Street scheme

7 Aug 17 Developer U+I Group has secured £70m of forward-funding to develop Circus Street, Brighton, in partnership with GCP Student Living and Gravis Capital Management.

The Circus Street development is a £130m mixed use partnership with Brighton & Hove City Council to transform a derelict municipal market. Plans for the regeneration project include 142 new homes, 450 student bedrooms and 30,000 sq ft of new office space.

ɫèֱ²¥ has now begun on the project and the majority of the buildings on site will complete in 2019. 

U+I deputy chief executive Richard Upton said: "Securing funding for the Circus Street project is a key milestone and enables construction to begin. The development shows how we can create value through our proven planning and regeneration expertise, whilst also delivering significant cultural and socio-economic benefits to the local community.

"Large scale mixed-use public private partnerships are a core aspect of our strategy, enabling us to build a pipeline of regeneration projects that deliver returns in a capital efficient manner."

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