Glasshouse Square BTR at Redcliff Quarter tops out

Winvic celebrates topping out at Grainger's Glasshouse Square Build to Rent scheme at Redcliff Quarter in Bristol.

The Redcliff Quarter and Glasshouse Square Build to Rent scheme in Bristol has officially topped out | Grainger | Madison Cairn | Winvic Construction | ICG | BTR News
The Redcliff Quarter and Glasshouse Square Build to Rent scheme in Bristol has officially topped out.

The UK’s largest listed residential landlord Grainger plc, main contractor Winvic Construction Ltd and developer Madison Cairn, in partnership with ICG Real Estate, have topped out at the Glasshouse Square Build to Rent development in Bristol. The development is part of the Redcliff Quarter mixed-use scheme.

In June 2022, Grainger exchanged conditional contracts to forward fund and acquire the Build to Rent development which is part of the second phase of Redcliff Quarter.

The Glasshouse Square scheme will deliver 374 Build to Rent homes, 94 affordable homes and four commercial units. Upon practical completion, Grainger will own and operate the scheme.

Glasshouse Square also features a total of c.5,900 sq ft of internal residents’ amenity space; c.21,200 sq ft of external amenity space and c.8,500 sq ft of commercial space. The 2.5-acre site is a nine-minute walk away from Bristol Temple Meads Station, which sits at the heart of Europe’s largest regeneration, Temple Quarter.

“This is an exciting milestone for Glasshouse Square, our third Bristol-based development, providing 468 high-quality, professionally managed and well-connected homes for renters, bringing our total portfolio in the city to 900 homes. We look forward to seeing Glasshouse Square progress over the coming months ahead of our launch next year.”

Michael Keaveney, Director of Land and Development, Grainger plc

Madison Cairn – working in partnership with global alternative asset manager ICG Real Estate – secured planning permission for the Glasshouse Square Build to Rent homes in 2021, along with an adjacent purpose-built student accommodation (PBSA) development of 367 rooms.

“There is a serious under-supply of homes in Bristol. By working in partnership with ICG Real Estate and Grainger we secured planning permission for a revised Redcliff Quarter scheme that saw a substantial increase in the number of homes delivered on the site, compared with the previous consent. Importantly, the new scheme now has 94 affordable homes, which will make a real contribution to helping address Bristol’s housing need.

“It is great to see such progress on the construction and look forward to seeing the building getting closer to completion in 2025.”

Aneil Handa, Managing Director, Madison Cairn
Redcliffe Quarter's revised scheme has been approved | Grainger | Madison Cairn | Winvic Construction | ICG | BTR News
Redcliffe Quarter’s revised scheme has been approved.

Previously, the site had been vacant for over 20 years when, in 2017, planning permission was granted to regenerate the site. However, after completing the first phase of the scheme – 118 new homes at the north of the site – the development stalled, leaving the rest of the scheme undeveloped. Madison Cairn took over as developer, successfully unlocking the scheme. 

“Acknowledging this notable project milestone is a tremendous achievement for all stakeholders involved. The topping out of this complex development in the heart of Bristol is a testament to the team’s perseverance and determination throughout a challenging winter.

“I wish to extend my gratitude to our dedicated team along with the consultants and supply chain for their tireless efforts thus far. With enthusiasm, we are poised for the year ahead, guiding us towards the final stages of completion in 2025.”

Mark Jones, Managing Director, Multi-room, Winvic

Glasshouse Square builds on Grainger’s existing Bristol portfolio, which includes Hawkins & George, comprising 194 Build to Rent homes, and Millwrights Place which provides 231 homes.

 “Growing up in Bristol, I’ve always had a deep connection to this city, which makes reaching the topping out of Redcliff Quarter particularly special. Our business, Iesis Consult, has been operating on Redcliff Street for over 15 years, making this project close to home in more ways than one.

“The development of Redcliff Quarter, situated in the heart of Bristol, has been a complex and high-profile endeavour.

“Our team, alongside a dedicated wider team has navigated significant market changes to bring this vision to life. It’s rewarding to see our efforts come to fruition, providing essential housing and student accommodation.

“I’m proud of our collective achievements and eagerly anticipate the completion of this project, which will greatly benefit the Bristol community.”

Ryan Jones, Managing Director, Iesis Consult