Grosvenor celebrates as first residents move in to Parkside Place, Cambridge

Grosvenor Britain and Ireland welcomed the first residents to Parkside Place, Cambridge, over the weekend. All 99 apartments, comprising a mix of one, two and three bedroom homes, some of them duplex, and one penthouse, were sold before completion. 39 of the apartments are affordable housing and these tenants were some of the first residents over the threshold.

8th July 2013

Grosvenor Britain and Ireland welcomed the first residents to Parkside Place, Cambridge, over the weekend. All 99 apartments, comprising a mix of one, two and three bedroom homes, some of them duplex, and one penthouse, were sold before completion. 39 of the apartments are affordable housing and these tenants were some of the first residents over the threshold.

The mixed-use scheme on Parker’s Piece in central Cambridge is conveniently located between the city's two principal shopping destinations, Grand Arcade and Grafton Shopping Centre. It is also close to anchor store John Lewis, and within easy walking distance to shops, theatres and parks.

Alex Robinson, senior development manager at Grosvenor, said: “It has been an exciting weekend for us. Parkside Place has been a great success for Grosvenor and the speed at which the properties were snapped up was beyond our expectations. It’s great to see residents moving in to their homes and bringing the scheme to life.”

The new development also incorporates the new Parkside Place Community Fire Station. The state of the art facility will be a valuable asset to the local community and keys were handed over to Cambridgeshire Fire and Rescue Service last week.

Grosvenor has been active in Cambridge for over 30 years. In 2008, Grosvenor completed the retail-led Grand Arcade development in the heart of Cambridge and more recently the new Trumpington Meadows to the south of the city, in partnership with Universities Superannuation Scheme.

ENDS

For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
Grosvenor
020 7312 6479/6101
pressoffice@grosvenor.com

Notes to Editors

Grosvenor Britain & Ireland aims to create value through our skills in placemaking anddesign, repositioning locations in ways that change customer perceptions and deliver results for our stakeholders. The core portfolio comprises 300 acres of Mayfair and Belgravia in London, which first came into the Grosvenor family in 1677. Ownership and active management of its London estate remains at the heart of Grosvenor Britain & Ireland’s strategy. Investment assets comprise the largest part of its portfolio. Grosvenor Britain & Ireland also undertakes development across London, and in selected city centres around the UK. As at 31 December 2012, Grosvenor Britain & Ireland had assets under management of £4.8bn.

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