Rental and shared ownership home provider arm of Lloyds Banking Group – Lloyds Living (formerly Citra Living) – has acquired a site at Guildford Crescent in the heart of Cardiff from Galliford Try.
The 31-storey building will deliver 272 new rental homes in a mix of 140 one-bedroom and 132 two-bedroom apartments, alongside retail unit space.
Amenities at the scheme includes a gym, bike storage, lounge and game areas, and external roof terraces providing views across Cardiff and beyond.
Andy Hutchinson, CEO, Lloyds Living shared:
“There is a shortage of homes of all types across the country and, by working with developers like Galliford Try to identify locations in areas of need, we hope to help close the gap sooner.
“Our new Guildford Crescent site will offer high quality homes that meet the needs of modern city living, allowing more people to live and work where they want.”
Construction at The Rise development has begun, with completion expected completed in summer 2026.
Built to take advantage of the benefits of modern methods of construction (MMC), the building will be powered in part by roof-top solar panels.
Located close to the Principality Stadium, future residents of The Rise scheme will benefit from easy access to local amenities including Bute Park, Cardiff Central station, and retail and leisure facilities at St David’s Centre, Atlantic Wharf and Cardiff Bay.
Phil Harris, Managing Director, Galliford Try’s Investments business, shared:
“The Rise development represents a crucial step for us within the private rented sector market – an important part of our Sustainable Growth Strategy – and we’re proud to be working on it with Lloyds Living.”
Graham Wright, Executive Director, Waldeck, commented:
“Waldeck are very pleased to have supported Galliford Try and the wider team to provide our experience and support in order to facilitate the financial close of this project. We look forward to building our relationships with both Galliford Try Investments and Lloyds Living over the coming months and years.
“Waldeck have over 400 Private Rented Sector (PRS) units currently on-site and a further 600 units in our pipeline, demonstrating the importance of this sector to us and our clients.”