Circus Street, Brighton (Build to Rent)
M&G Real Estate
Circus Street, Brighton comprises 142 new homes, 450 managed student bedrooms and a 30,000 sqft office building as well as a number of workshop and retail opportunities, in the centre of the city. TFT has been involved with creating a sustainable and valuable development for our owner-operator client, M&G Real Estate.
Initially, TFT was appointed to support the purchase of this asset on completion, with Project Monitor advice. We also acted as Investor’s Representative to oversee client input on the scheme, as the BTR element would be retained and operated by our client. We focussed on the quality of the base build and on the suitability of the fitout. In particular, we assessed elements of design and materials for longevity, durability, maintenance requirements, ability to source replacement parts and more. We also played a key role in the handover and on-boarding of the property management team to ensure the asset would be future-proofed and reducing the client’s capital expenditure over its lifetime.
TFT was then appointed to oversee the fit-out of the BTR amenity areas, as Contract Administrator, Principal Designer and M&E Consultant, collaborating closely with interior designers to ensure that the eventual scheme reflected its market. The project entailed the conversion of retail units on the ground floor of the residential accommodation to residential amenity facilities. The new purpose built amenities now include a staffed reception, residents’ lounge, co-working space and a fully equipped gym.
The facilities provided reflect the evolving way in which we occupy residential facilities, with an emphasis on community, working from home and availability of leisure facilities. We look forward to further enhancing this scheme, for the benefit of its residents and local community.