Graham lands £73m east London brownfield regen job | Construction News

Construction firm Graham has won a housing development job that will continue east London’s regeneration.

The firm revealed it had been appointed by global investment firm Greystar as the construction partner for its Stratford Mill scheme in Newham, east London.

It will build two 12-storey towers at the brownfield site in Stratford. The project is backed by a £68.5m debt facility arranged by Societe Generale.

Graham confirmed the value of the job is £73m.

The development will include 247 apartments, of which 42 will be affordable homes, plus commercial spaces and landscaped areas.

Dan Thompson, UK managing director, development, at Greystar, said: “We’re very excited to see our development at Stratford Mill progress, thanks to the debt facility secured from Societe Generale.”

Sovereign Network Group (SNG) is forward-funding the affordable housing element and completion is expected in autumn 2026. The funding contribution has not been disclosed.

Graham has added to a pipeline of work that includes an £80m school build in Kent announced last month.

The firm was placed 21 in the latest CN100 ranking of top contractors.

Its financial results for the year ending 31 March 2024, published in July, revealed turnover grew by 2.8 per cent to £1.12bn compared with £1.09bn the year before. Graham’s pre-tax profit fell by £300,000 to £14.8m.

The deal also confirms growth for Greystar. It announced in June last year it had acquired the Stratford site as part of an £11bn UK investment strategy that includes a pipeline of 11,000 homes.

SNG revealed last month it had begun construction with Countryside Partnerships, (part of Vistry Group) of a 654-home development in partnership with Brent Council.