McLaren wins BSF deal and launches property arm

Grant Prior 12 years ago
Share

McLaren has signed a £15m BSF deal in Hackney and launched a property division as the contractor starts the New Year with a new image following a rebranding.

Work starts on site in July 2011 at the New Horizon School for special needs pupils which will be completed in August 2012.

McLaren will also finish work on the Hackney Free School in June and both deals have seen McLaren become established as one of three BSF approved contractors in Hackney.

The firm’s new property division is targeting development opportunities in the retail, student accommodation, hotel, mixed-use, leisure and London residential markets.

McLaren Property is based in London’s West End and is participating in equity partnering with specialist developers in each sector via joint venture arrangements.

John Gatley, managing director of McLaren Property, was formerly the head of Retail Parks at Capital and Regional PLC, and CEO of the Junction Retail Warehouse Fund.

He said: “McLaren’s presence in the real estate market will target emerging development and investment opportunities where the Group can utilise its financial strength and considerable experience in property and construction.

“We are seeking joint ventures in development situations where we can bring equity to the table alongside development and contracting expertise.”

The move into property comes as the McLaren group rebrands with a new corporate logo and image as the company continues to evolve to reflect the needs of its expanding client base.

Chairman Kevin Taylor said: “The construction market is changing and we as a company are reflecting that.

“McLaren are expanding in different sectors of the market and our new image reflects the way our business is becoming ever more professional at all levels.

“We are winning work with a range of new clients while continuing to offer the highest levels of service to our existing customers.”

McLaren is also looking to expand in the United Arab Emirates following the successful completion of a major contract in Dubai.

McLaren has built a 680,000 sq ft design and build office and distribution complex for CEVA Logistics at the Jebel Ali Free Zone.

Property giant Gazeley is developer on the Dubai contract alongside its associate company Economic Zones World (EZW).

Taylor is confident the CEVA job will be the first of many across the region.

He said: “We see the UAE as an important and growing market for McLaren.

“This first successful project in the region is a vital step for us and clients can be confident that we have the skills and local knowledge to deliver further complex projects.”

Latest project news

Willmott Dixon limbers up for £18m Rainham sports centre

Work to start in April on New Splashes Sports Centre in Rainham
3 days ago

Midgard wins £200m Birmingham Eastside tower

JRL-owned Midgard secures its second tallest resi building project to date
1 week ago

GPE awards Lendlease £130m London office job

GPE's 2 Aldermanbury Square scheme to go-ahead as legal giant signs prelet
1 week ago

Melton Mowbray bypass to still go-ahead after costs double to £127m

Leicestershire County Council agrees to press ahead with Galliford Try road job
2 weeks ago

Milton Keynes £30m office to flats project approved

Work to start next year on major office block conversion to nearly 240 flats
2 weeks ago

Funding deal to unlock £400m Manchester scheme

Landsec brings forward phase one buildings at Mayfield scheme
2 weeks ago

Green light for Manchester Stretford Mall regeneration

First phase of Trafford council's Stretford masterplan approved
2 weeks ago

Construction green light for £250m London eye hospital

Bouygues to start work on London Oriel project early next year
2 weeks ago

O’Shea and Galliard win East London 236 homes job

Hackney Wick project will include new linear park linking Olympic and Victoria parks
2 weeks ago

Kier chalks up Wolverhampton academy job

Work to start in summer 2023 on new St Peter’s Collegiate Academy buildings
3 weeks ago

Birmingham 51-storey tower to start construction

One Eastside will be the city's tallest residential tower at over 154m
3 weeks ago

Henry Construction wins £72m Brent Cross student rooms job

Student developer Fusion Group starts first-ever scheme in the capital. 
3 weeks ago

Vinci secures £23m HMP Norwich revamp

Job includes Elizabeth Fry Wing refurb to create 173 extra places and new sports hall and fitness centre
3 weeks ago

Green light for grade II-listed City office block overhaul

Work to start by Spring 2023 on Cripplegate House major redesign
3 weeks ago

FIREM to start work on £26m industrial park

Developer's in-house FI Construction arm to deliver its largest ever project
3 weeks ago

Mitchellson wins RC frames on 26-storey twin towers

High rise concrete frame specialist secures Telford Homes £160m Stratford scheme
4 weeks ago

JRL gets green light for £62m Luton resi scheme

Cumberland Works scheme will consist of a trio of blocks stepping down from 21 to 10-storeys
4 weeks ago

Farrans bags £100m brace of water jobs

Northumbrian Water awards pipeline and water treatment works upgrade
4 weeks ago

22-storey Salford Central tower block job to start in early 2023

The English Cities Fund gains planning for latest Salford Central project
1 month ago

Graham to build 2,000-room UPP student scheme

Exeter Uni scheme will be the largest Passivhaus project in student sector
1 month ago

McLaren wins Big K logistics job in North Yorkshire

Work to start shortly on £73m first phase of Konect 62 industrial park
1 month ago

Dragonfly lands Manchester Pall Mall Court office refit

Grade II listed 1960's building refit will target net zero carbon in operation
1 month ago

Galliford Try bags £65m Blyth subsea cable factory

Work to start on 70,000 sq m factory at Cambois site in Northumberland
1 month ago

Jackson starts work on £24m Lyminster Bypass

Northern section to complete new congestion busting bypass which will support plans for 1,260 new homes
1 month ago

Bidding to start for £260m Digbeth cultural quarter

Phase one will focus on part of the over 900-homes planned for Upper Trinity Street scheme
1 month ago

Kier wins £28m Newport healthcare project

Preparation work starts on new healhcare and wellbeing centre
1 month ago

Eric Wright go-ahead to start £40m Preston cinema complex

Council-funded leisure and cinema complex to start construction in New Year
1 month ago

Revised £460m London estate rebuild plan approved

Enlarged Mount Anvil Friary Park estate rebuild to deliver 1,230 homes
1 month ago

Go-ahead for £75m Hackney Wick London student scheme

Developer Southern Grove cleared to build three mid-rise blocks at famous piano works
1 month ago

Vinci gets start date for £96m Hull Albion Square

Work to start in Autumn 2023 on city centre regeneration scheme after extensive demolition works
1 month ago

Contractor services