The move follows the collapse of Bardsley Construction who were building a 12-storey apartment block for FEC at the Mount Yard residential scheme in central Manchester.
DEX Construction will be run by newly appointed Managing Director Simon Adams, who has over 25 years’ experience in project management and director roles at John Sisk and Son, Barratt London and Carillion.
The firm is taking on around five managers previously employed by Bardsley and all the subcontractors working on the Manchester scheme will be re-engaged.
Gavin Taylor, FEC Regional General Manager, said: “FEC has acted quickly and decisively to ensure the completion of Mount Yard to the highest possible standards and we aim to ensure that any delay in the build schedule will be minimal.
“Additionally, the situation has brought forward our plan to be capable to self-deliver our developments. At the same time, as we grow DEX, we will be free to explore opportunities with other developers and investors nationally.”
DEX Construction is now in possession of the Mount Yard site and work on-site has re-started.