Build to Rent and private rental homes provider Grainger plc has launched The Condor – its first Build to Rent development in Derby.
Providing a first look at the scheme, Grainger’s 259-apartment development launched this month with pre-leasing at a record speed – largely down to a new system that it has introduced, which offers those who expressed an interest in renting at The Condor access to a Zoom expo platform which offers a completely virtual experience.
The system allows virtual viewings with a member of the Resident Services Team, to conduct the show round, or self-guided viewings where people can check out floor plans and building maps, speak to Grainger staff regarding any questions, and reserve an apartment.
Monthly rent prices start from £875, and with the scheme quickly gaining popularity with locals, over 50 units (50% of phase 1) have been signed in under three weeks.
“The Condor is a great new addition to our Build to Rent portfolio, particularly with it being our first development in Derby. The Condor offers a new style of renting in the city, and we look forward to showcasing the benefits of professionally managed Build to Rent homes as our residents settle into The Condor this summer.”Helen Gordon, Chief Executive, Grainger
Named after one of the first engines built by Derby originated car manufacturer Rolls Royce in 1918, the development comprises a mix of studios, one- and two-bedroom apartments.
Located on the former Debenhams site on Victoria Street, The Condor has been designed to celebrate Derby with interiors taking inspiration from the city’s engineering excellence and silk manufacturing, right through to The Derby Ram symbol that the city’s football team are known by.
Nods to the famed Rolls-Royce aircraft engine can be seen in the form of metal work, with dynamic shapes, mechanical features, and industrial accents throughout the development. Spiral forms also subtly nod to the iconic Derby Ram horns.
To create soft, inviting and comfortable spaces, The Condor’s resident’s lounge and co-working space provides slate-grey and rich green soft furnishings with silk textures, alongside artwork which displays the city’s famed mosaic street art.
“More than five years since we first visited this much neglected site, we are delighted to see The Condor become fully operational in the first phase of this landmark development, together with the new Springwell public square. We have worked very closely with Grainger plc throughout the project and are thrilled to have such a well-respected company be our first fund and operator in the scheme. The Condor will allow hundreds of people to live in high-quality homes in the heart of the city and has revitalised an area which has been challenged for many years.”Paul Morris, Director, St James Securities
Other amenities include a gym with Technogym equipment, high speed broadband, dedicated onsite resident services team, secure car parking and bike store, and electric car charging points – all included within the rent. Residents can also book the private dining room and kitchen area complete with cooking facilities.
The Condor also includes a 2,185 sq ft roof terrace. Complete with tree planting and greenery, the external rooftop provides residents with a space to celebrate the great outdoors,
Situated in the heart of Derby city centre and within walking distance of the train station and Derbion shopping centre, the development also offers residents an ideal commute to neighbouring cities such as Sheffield, Nottingham and Birmingham.
Alongside The Condor, Grainger’s Brook Place development in Sheffield delivered a positive social impact within the local community, with a £338,000 additional local spend to the area, £490,000 economic impact, and six new jobs.