Property regeneration specialist U+I has assigned construction firm GRAHAM to deliver a new commercial hub for start-up and SME businesses as part of the £200m Preston Barracks redevelopment project in Brighton, UK.

The initial phase will see the construction of a 50,000ft² building as part of the overall Preston Barracks project.

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Designed by architects Studio Egret and tp bennett, this project will feature 369 new homes, 534 student beds, shops, cafes and workshops.

The wider masterplan includes student accommodation and academics in two sites of the University of Brighton. The masterplan is estimated to deliver more than 1,500 new jobs and generate £281m into Brighton & Hove’s economy over the next decade.

“This building will provide much needed flexible office space for growing businesses and start-ups that will ultimately boost the business economy of the city.”

GRAHAM plans to construct a BREEAM Excellent rated seven-storey concrete-framed workspace building, which is expected to be completed by the end of next year. It will provide flexible workspaces, prototyping facilities, events spaces and a roof garden.

U+I development manager Sarah Chitty said: “We are excited to be underway with the construction of Preston B Development arracks, delivering a project that will breathe new life into a derelict site, and will support the economy, academic life and growth of Brighton.

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“We’re proud to be working with GRAHAM on the first phase of the project. Their commitment to supporting local communities and economies is closely aligned with our own vision to create long-lasting benefits for the places in which we work. This building will provide much needed flexible office space for growing businesses and start-ups that will ultimately boost the business economy of the city.”

GRAHAM development director Rob Joyce said: “Our main objective is to create a high-quality commercial building that will attract enterprising, high-growth companies to the area.

“We will work closely with U+I and the project team to ensure that it provides a range of functioning spaces that are tailored to the needs of the individuals using it while fostering entrepreneurship and excellence in innovation.”