What is the story about?
What's Happening?
PMC Construction and Development Services has been awarded a £69 million contract by Vivid Housing for the first phase of a residential scheme at Victory Quay in Tipner, Portsmouth. The project will include 183 homes across four apartment blocks and three houseblocks, along with landscaping and infrastructure works. Construction is set to begin on September 8, 2025, and is expected to be completed by March 31, 2028. The site is adjacent to protected environmental areas, requiring specific licenses for construction. PMC had previously conducted enabling works, including building a sea wall and remediating contaminated land, which provided them with essential expertise for the main build.
Why It's Important?
This development is significant for Portsmouth's housing market, addressing the demand for residential spaces in the area. The project's proximity to protected environmental sites underscores the importance of sustainable construction practices and compliance with environmental regulations. PMC's prior involvement in preparatory works highlights the value of local expertise and continuity in large-scale projects. The development is poised to enhance local infrastructure and contribute to the community's growth, while also setting a precedent for future phases of construction that will follow a separate procurement process.
What's Next?
Vivid Housing plans to initiate a separate procurement process for subsequent phases of the development, anticipated to start in May 2026. This will likely involve further collaboration with environmental agencies to ensure compliance with regulations. The successful completion of the first phase could pave the way for additional residential projects in the area, potentially attracting more investment and boosting local economic activity.
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