Architect Aukett sees surge in new work enquiries

Grant Prior 11 years ago
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Architect Aukett Fitzroy Robinson reported an upturn in enquiries for new projects in a positive trading update to the City today.

The quoted practice said it has enjoyed an increase in enquiries on projects worth £891m due to start construction in 2013 and beyond.

Aukett said: “There has been a marked improvement in the number and size of new enquiries both in the UK and in our Russian business.

“These are mainly prestige projects that will be built in 2013 and beyond.  However, as architects, much of Aukett Fitzroy Robinson’s input on these projects will occur before the construction phase over the next 18 to 24 months.

“The Group has been instructed on the feasibility and planning phases of a total of 24 new projects in the UK and Russia, which provide some 6.8 million sq ft of development space with a combined construction value of £891 million.

“The Group order book currently stands at 42 schemes or projects which provide 19.70 million sq ft of development space with a combined construction value of £2,219 million.

“Should all these schemes proceed to completion the balance of fees due to AFR would be £82 million.

“The impact of this will be seen mainly in the year ending 30 September 2012 and beyond. ”

Aukett said the work boost would return the firm to profit in the second half before an exceptional item relating to litigation costs which means the practice will make a much reduced operating loss.

The firm is currently embroiled in an £835,000 row over unpaid fees at a scheme in Piccadilly in West London.

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