We are pleased to announce that construction has now begun at Circus Street. This comes after securing funding from Gravis Capital Partners, who will be helping us to deliver a new retail and leisure destination for the city. Henry Construction, the project contractor, has now started on site bringing forward this £130 million development, the majority of which will be delivered in 2019.
The scheme will revitalise a once-loved pillar of community, inject £200m into the local economy and create 400 jobs. Brighton has been a vibrant hot-spot in the South East for many years, but as more people migrate to the city for work and leisure, this continues to put a strain on the supply of family homes. With the funding provided by Gravis Capital Partners, it enables us to deliver 142 new homes, of which 28 will be affordable; 450 student bedrooms; 30,00sq ft of new office space as well as ample space for start-ups to nuture their business.
As we look ahead to the future, we are excited to deliver an active and engaging environment in which the local community feels compelled to participate and empowered to live better.