Torsion bosses bullish thanks to record work pipeline

Grant Prior 3 years ago
Share

Torsion Group has confirmed a record £225m pipeline of new work over the next three years across its Construction, Development, Care and operational businesses.

Torsion is now on site with a £50m contract at The Phoenix residential scheme in Leeds
Torsion is now on site with a £50m contract at The Phoenix residential scheme in Leeds

The business restructured its teams and secured finance to adapt for future growth last year resulting in a series of contract wins in its core student accommodation, residential, care homes and retirement living markets.

Growth in the student accommodation sector has been made possible with the £200m JV funding agreement with Harrison Street Real Estate which was signed late last year with construction on schemes in Lincoln and Birmingham already underway.

Other recent wins include a £50m contract for The Phoenix residential scheme in Leeds and the £14m Park Lane scheme which is due to start in the city this April.

Organisational changes include Jonathan Payne being promoted to the role of COO for Torsion Group Limited working closely alongside Dan Spencer as Group CEO.

Other changes include the promotion of David Worsley to MD of Torsion Developments and James Gould to Commercial Director of Torsion Construction.

Dan Spencer, Group CEO of Torsion Group Limited, said: “I am extremely proud of the Torsion Team and their determination to deliver all of our schemes on time in 2020.

“I am also grateful for the support shown from our supply chain partners in this challenging time.

“As we enter 2021 we are in a great place with our strategic plan and secured pipeline in place to deliver some fantastic results.

“This is a tremendous achievement for everyone involved in the business.

“It also gives me great pride to promote staff who we have supported to progress their carriers and appoint them into key roles within business as we move forward.”

Latest news

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
1 hour ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
43 mins ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
5 hours ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
4 hours ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
5 hours ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
5 hours ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
16 hours ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
22 hours ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
1 day ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
1 day ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
1 day ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
1 day ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
1 day ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
4 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
4 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
4 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
4 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
4 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
4 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
5 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
5 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
6 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
5 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
5 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
5 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
6 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
5 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
6 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
6 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
6 days ago

Contractor services