McAleer & Rushe bounces back with £350m haul of orders

Aaron Morby 4 years ago
Share

McAleer & Rushe’s design and build division has secured £350m worth of order in the post-Covid lockdown period restoring its two-year pipeline.

Longley Place project in Brighton
Longley Place project in Brighton

The McAleer & Rushe Contracts UK business notched up successes in the growing build to rent market as well as building on its long-established footprint in student accommodation, which has seen it deliver over 8,400 beds since entering the sector six years ago.

The new projects include the first build to rent scheme in Brighton, a £55m 209 apartment redevelopment of the former Longley Industrial Estate for Legal & General.

It has also started a £68m 34-storey residential tower at Exchange Square in Birmingham for Nikal.

Phase two of Royal Mail sorting office redevelopment at Mount Pleasant in Clerkenwell

In November McAleer & Rushe Contracts UK will also start Phase 2 of the Mount Pleasant development for Taylor Wimpey in Central London worth £45m, which follows the recent commencement of Greenwich Millennium Village Plot 301 worth £41.5m.

Also in London developer Muse yesterday announced the firm had also secured the £29m Olive Morris House residential scheme in Brixton, adding to its first co-living contract worth £36m with ‘The Collective’ which will see 301 homes built in Earlsfield, London.

Olive Morris House project will be home to Lambeth Council archive and 74 flats

Martin Magee, Managing Director at MARC, said: “This is very significant and welcome news for the company, given the uncertainty ahead in the property investment sector and subsequently our industry.

“We have long-standing partner relationships with several tier-one developers, institutional investors, and private equity funds, from which we deliver many repeat projects.

“We have strategically focused on increasing our market share in the broad residential sectors from, student, co-living and build to rent, particularly in London and UK regional cities.

“Our order book for 2021 and 2022 is now looking very solid and with a number of additional non-residential projects we hope to sign soon, is starting to resemble pre-covid projections.”

Latest news

Staff stunned as engineering consultancy Clarkebond closes

Firm was only bought three months ago by rival Independent Design House Group
2 days ago

Vistry issues third profit warning in three months

Profit expected to fall £50m below forecast due to delayed completions
2 days ago

Miller Homes buys St Modwen Homes for £215m

Scottish house builder snaps up £368m turnover rival
5 days ago

Keltbray fine increased to £18m after failed bid rigging appeal

Contractor loses penalty discount for settling with competition authorities
6 days ago

Luxury house builder goes under with 70 job losses

Octagon Developments in administration after 40 years in business
6 days ago

Top Ten best read stories of 2024

The biggest headlines of an eventful year. Have a good one and here's to a successful 2025
6 days ago

BAM Nuttall fined £800,000 after concrete skip tragedy

Young labourer killed by falling bale arm
1 week ago

Keltbray infrastructure business reveals new name

AUREOS means "new dawn" after private equity acquisition
6 days ago

Stiffer fines for over-running street works from next Summer

Cash raised from lane rentals to be channeled into pothole repairs
6 days ago

£113m Basildon rental homes scheme seals build finance

Work expected to start early next year on Market Square project
6 days ago

Notting Hill Genesis seeks more tier 1 repairs contractors

London housing trust seeks eight firms for new £1.5bn repairs framework
6 days ago

Reclaimed steel oil rig columns worked into London office revamp

Curo will use reclaimed bricks and steel for Fitzrovia office overhaul
7 days ago

CITB delays levy approval consultation

Levy agreement talks pushed back by ongoing review into effectiveness of training body
7 days ago

Ofwat approves £104bn water industry spending plan

Household water bills to rise by 36% to fund quadrupling of investment
1 week ago

Costain/ Siemens JV clinches HS2 power supply job

£300m deal for HV power supply systems over the 225km route
1 week ago

Demolition team assembles on Multiplex London Wall site

Erith to start work next month at Deutsche Bank's former headquarters
1 week ago

Norwich Council acts to revive £300m Anglia Square scheme

Council uses Homes England funding to buy stalled site with planning for 1,100 homes
1 week ago

Go-ahead for 4,500-home Cambridgeshire new town

Waterbeach new town plan stalled three years ago after an Environment Agency objection
1 week ago

Henry Boot to take total control of Stonebridge Homes

Deal worth at least £30m
1 week ago

HS2 costs could hit £66bn

Government looking for next estimate to be lower
1 week ago

Mace to close construction logistics arm

Specialist business being wound down
1 week ago

National Grid to invest £35bn over next five years

Plan set out for record investment in electricity transmission infrastructure
1 week ago

Profits double at Barhale

Civils specialist sees order book top £1bn
1 week ago

Balfour wins 68km HV underground power cable deal

Main works to start next year on Eastern Green Link 2 job
1 week ago

Stunning site wrap unveiled on Sloane Street

Hoarding creates illusion of fully formed façade on £53m Galliford Try job
1 week ago

Heathrow Airport upgrade spend takes off again

Airport operator will spend £2.3bn over the next two years
1 week ago

Government buys back over 36,000 military homes

Public ownership deal to release wave of upgrade and new build work
1 week ago

Story Contracting staff braced for rail job losses

Work coming through slower than expected from Network Rail
1 week ago

Ballymore submits two plans for 3,700 East London homes

Construction could start in 2025 on Thames Road and Knights Road schemes
1 week ago

Blackpool council steps in on failed developer’s £300m scheme

Blackpool Central site clearance to start in the New Year as hunt starts for new developer
1 week ago

Contractor services