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10 November 2023

Daily Newsletter

10 November 2023

Bennett Construction wins housing development contract in Cambridge

Planning permission has already been acquired for the project.

November 09 2023

Republic-of-Ireland-based real estate builder Bennett Construction has received a contract to construct a single-family housing development in Cambridge, England, UK.

Valued at £116m, the contract has been secured by the company alongside developer Present Made and financial partners Nuveen and Apache Capital.

The project encompasses the construction of 373 single-family housing units in Eddington.

The company has already obtained planning permission for the development, with on-site work set to begin later this month.

Present Made will be overseeing the project, which is scheduled to be completed in 2025.

Bennett joint managing director Paul McGee said: “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.”

The project aims to achieve Level 5 of the Code for Sustainable Homes and is intended to be compatible with the new national Part L Building Regulations.

Bennett construction director Mark Keyes added: “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.”

Investment in the infrastructure and energy & utilities sectors remains a major driver of overall construction growth

Infrastructure and Energy & Utilities sectors expanded in 2020 despite COVID-19 disruptions, which reflected the efforts by governments and public institutions to accelerate investment to stimulate activity. The recovery from the pandemic and the easing of restrictions allowed the resumption of work on major projects in 2021, and growth is set to remain strong in the coming years, particularly given major investment programs in the US and China.

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