Developer Belgravia has acquired two prime residential sites in Preston and is looking to start construction on the stalled schemes next year.

Belgravia is now in charge of the 469-apartment Stoneygate Central Scheme and the 21-storey Lofthaus project which is set to become the city’s tallest residential tower.

The two schemes have a combined development value of £165m and Belgravia has appointed its in-house team at UKIG Developments to act as construction manager on both projects.

Belgravia and UKIG are now looking to assemble a team of package contractors to get work started early next year.

Christopher Howell, Head of Family at Belgravia said: “We are delighted to have concluded on such prestigious schemes and we would like to thank the whole team for their commitment over the past 12 months.

“It represents a major investment into Preston, and demonstrates our trust in the potential of this amazing city.

“As a family, we are determined to support the city into the next stage of its continued growth by delivering fantastic communities, attracting and retaining alumni, and showcasing Preston on the global stage”.