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

Aaron Morby 1 month ago

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.”

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