Bennett Construction Secure £116m Construction Contract in Cambridge
We are thrilled to announced the successful securing of a new contract with developer Present Made and funding partners Nuveen and Apache Capital. The £116 million contract is for a 373 home single-family housing development in Eddington, Cambridge.
Bennett are delighted to partner with a new client Present Made – the single-family housing platform for £4.1bn (AUM) UK real estate investment manager Apache Capital - to deliver this exciting new project. Planning permission is in place, and Bennett are due to commence on site later this month. The development is due to complete in 2025 and will also be operated by Present Made.
Aside from the residential element, Eddington will provide a range of amenities and shared spaces, including a communal pavilion, gym, yoga studio, private dining room, bike cafe, games room, cinema and co-working space. It is targeting Code for Sustainable Homes Level 5 and will be compliant with the new Part L Building Regulations.
Paul McGee, Joint Managing Director of Bennett Construction, expressed his enthusiasm for the new partnership, stating, "We are thrilled to embark on this journey with our new client. This project exemplifies our unwavering commitment to excellence in construction and our dedication to creating exceptional residential spaces. We look forward to delivering a project that not only meets but exceeds our client's vision."
Mark Keyes, Construction Director with Bennett said “This significant win reinforces Bennett Construction’s reputation as a trusted and dependable construction partner, known for its professionalism, quality work, and on-time project delivery. The company is eager to break ground on this new project and is committed to making it a resounding success”.