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O’Rourke to bag £240m Leeds retail centre deal
Laing O’Rourke is expected to sign the contract for Land Securities’ £350m Trinity Leeds shopping centre scheme within the next few days.
A source told the Enquirer: “Laing O’Rourke was on board when the scheme stalled because of the downturn and they have kept a keen interest in the job ever since.
“We hear they will be signing a new deal in a matter of days”
The total scheme has a development value of around £350m, although construction is expected to cost around £240m.
Land Securities officially revealed it would restart the one million sq ft scheme today, making it the first major retail-led development in the UK to get the go ahead in recent times.
The developer said nearly half of the Leeds city centre scheme had been pre-let to major high street retailers.
Works will restart on site next month after the construction contract has been signed .
The massive glazed shopping centre project will create up to 1,000 construction jobs at peak and will employ an estimated 3,000 retail related positions upon completion.
Meanwhile, Sir Robert McAlpine is expected to start work on Land Securities’ Selborne House office scheme in London’s Victoria area in September.
Demolition to make way for the 270,000 sq ft scheme is close to finishing.