Graham has been awarded a significant housing project in Stratford, supporting the ongoing regeneration in east London.
- The £73m development will feature two 12-storey towers, offering 247 apartments, including 42 affordable homes.
- Commercial spaces and landscaped areas will enhance the development, backed by a £68.5m debt facility from Societe Generale.
- Greystar, the global investment firm, is driving the project as part of its extensive UK housing strategy.
- Completion of the Stratford Mill scheme is expected by autumn 2026, with contributions from the Sovereign Network Group.
Graham, a prominent construction firm, has been awarded a major project in east London’s Stratford area, valued at £73m. This development forms part of the region’s broader regeneration efforts and involves the construction of two 12-storey towers. The project, known as the Stratford Mill scheme, will introduce 247 residential units. Of these, 42 will be allocated as affordable housing, catering to a diverse community.
The financial framework supporting this development is robust. Societe Generale, a leading financial entity, has arranged a substantial £68.5m debt facility to support the project’s construction phases. Greystar, the global investment firm spearheading the initiative, continues to expand its UK footprint, with this project being a key milestone in its long-term strategy aimed at delivering 11,000 homes across the region.
Sovereign Network Group is making a significant impact on the affordable housing sector by forward-funding this segment of the Stratford Mill development. Their involvement ensures that affordable housing remains a priority, with completion targeted for autumn 2026. The financial contribution, while undisclosed, underscores the collaborative effort between stakeholders to deliver on housing commitments.
This project adds to Graham’s portfolio of significant undertakings, including an £80m school development announced recently in Kent. Positioned at 21 in the CN100 ranking of top contractors, Graham continues to build on its reputation. Their latest financial results detail a turnover increase to £1.12bn, reflecting a 2.8% growth. However, pre-tax profit experienced a slight reduction to £14.8m.
The Stratford Mill scheme represents more than just a construction project; it embodies the ongoing transformation of east London. Spearheaded by Greystar’s ambitious strategy, this development is set to contribute significantly to the local housing landscape, reaffirming the importance of strategic investments in urban regeneration.
The Stratford Mill project in east London highlights the collaborative efforts in urban development, aiming to enhance both residential and commercial landscapes.
