Construction work restarts at GRE Assets developments

Construction work is back underway at Nene Wharf, Peterborough, following the easing of restrictions announced earlier this week by UK Prime Minister Boris Johnson. 

GRE Assets halted construction work following the government’s decision on 24 March to introduce a lockdown to control the spread of the coronavirus and reduce pressure on the country’s front-line health services

The easing of restrictions will allow progress to be made delivering the second phase of Nene Wharf, part of a GBP120 million regeneration scheme, that will deliver 128 high quality dwellings in a beautiful riverside setting. The finished scheme will also bring a hotel, office units, an arts and culture hub and relocated council offices.

Construction work has also restarted at GRE Assets’ Brises Diagonal Mar development in Barcelona. This stunning coastal development of 63 two, three and four bedroom apartments remains on course for completion by the end of the year.

The location of the company’s Riverside Park project in Ashford, along with a reduction in staff levels, allowed the site to remain open throughout the lockdown period. Additional measures, including the segregation of all work spaces to ensure no one on site needed to work within two metres, were put in place. These measures ensured construction work complied with government guidelines.

The easing of restrictions has allowed building supply deliveries to resume, and the return of more sub-contractors. This will cause productivity to increase over the coming weeks. There are also plans for public viewings of properties to rent and buy to recommence next week. 

Michael El-Kassir, Managing Director of GRE Assets, says: “Throughout the Covid-19 pandemic, we have regularly monitored our operations to ensure we are following government guidelines and protecting the welfare of our employees.

“We are pleased that we have been able to get work back underway but with that comes a responsibility as we balance the need to meet demand for our new homes with the safety of our fantastic team on the ground. 

“Our aim is to complete the 128 apartments at Nene Wharf by Q1 2021 and phase 2 of Riverside Park by Q3 2020, subject to the phased roadmap set out by the UK government on lifting lockdown.  We hope to be able to make progress, but much of that will be out of our hands. The most important thing clearly is bringing Covid-19 under control.

“The apartments across all of our recent projects have been designed with the future in mind, ensuring they lend themselves to flexible modern living. All include the provision of superfast WiFi, balconies and space to comfortably work remotely. Given the current global situation, these features are understandably more important than ever. 

“Ultimately, our main focus is completing our existing developments in order to deliver for future residents and our investors, however we are still looking ahead and are progressing other investment opportunities elsewhere in the UK and overseas. For example, we are continuing to build upon our excellent relationships with local authorities to respond to local housing need and contribute to wider regeneration.”