SUTTON Harbour Group Plc has begun work on the long-awaited Harbour Arch Quay block of flats with main construction due to start in early 2022.
The AIM-listed firm, in a statement to investors, said preliminary site works have started on the 14 -apartment waterfront block at Sutton Harbour. The project, originally due to begin in 2020, was delayed by the pandemic. A yearlong construction programme will now start in January with marketing of the apartments to start early in the new year.
The building, which will stand next to Salt Quay House, is financed by separate lending secured on the development with part to be funded from an equity raise which netted the company £3.5m by way of Open Offer in August 2021.
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