Ex-Wates Resi MD launches housing contractor Real

Aaron Morby 3 years ago
Share

Former Wates Residential managing director Paul Nicholls has launched a new housing contractor after buying Rydon Construction’s south east and south west businesses.

Real chief Paul Nicholls previously worked at Wates for over 5 years and United House for over a decade
Real chief Paul Nicholls previously worked at Wates for over 5 years and United House for over a decade

The new contractor Real is targeting housing-led, new build projects with local authorities, housing associations and private clients in London, the South East and South West.

These businesses are completely separate to Rydon Maintenance which worked on the Grenfell Tower.

Nicholls, who has 25 years’ construction and regeneration experience, starts with a pipeline following the transfer of around 10 projects from Rydon Group last month.

Now the Real chief executive plans to build to an annual turnover of £300m.

“This is an important day for the people and clients of our new business. I have spent the last six weeks welcoming the new team to Real and ensuring that we have everything in place to find solutions to the development challenges our clients and partners face.”

He added: “Residential-led construction and regeneration is at the heart of what we do, and it is an exciting time to be launching a new business in the sector.”

“We bring a wide range of development expertise to the table, including affordable and social rent, shared ownership, education and commercial developments. Our aim is to work in partnership with local authorities, housing associations, retirement living and other housing providers to build new communities that create opportunities for residents in places they can afford to rent or buy.”

Just last week Real won a place on a South East Consortium framework to build affordable homes over the next three years.

The SEC – which is owned by its 41 housing association and local authority members – expects the framework to be used by its members to build new homes and other projects worth around £250m in total. 

 

Latest news

Everton stadium cladding firm files administration notice

Alucraft Systems Ltd has been on Everton job since last May
1 hour ago

Crest Nicholson hit by more build defect problems

Remediation work on four more sites could cost £15m
35 mins ago

Beard expands reach as revenue hits record £179m

Builder start 2024 with healthy head of work
8 hours ago

Race to start for £25m Cardiff twin tower reclad jon

Cardiff council to use SEWCAP to bid Butetown high rise flats revamp
12 hours ago

Gove calls up ‘super-squad’ to clear London planning log-jam

Specialist planning team first to unlock 7,000 homes in Newham and Greenwich
16 hours ago

Permasteelisa in £35m cladding win at St John’s Wood Square

Italian specialist to start work on luxury resi site by the end of this year
18 hours ago

Investor pumps another £30m into low carbon builder

House builder Greencore gets more funding as latest results reveal £4m loss
20 hours ago

800-bed Leeds student and shops scheme approved

Major three-block scheme will replace The Core shopping centre in the city
1 day ago

Modular homes specialist files administration notice

Lighthouse bosses battle to save the business
1 day ago

Go-ahead for £175m Birmingham Broad Street tower

Work to start on 47 storey build to rent tower in September
1 day ago

Erith trading rebounds after lengthy bid-rigging probe

Staff paid £1.5m bonus after year of growth and return to profit
1 day ago

Balfour and Costain win vast power and carbon capture job

Nine firms to share £4bn Teesside net zero work bonanza
4 days ago

First ‘Great Grid Upgrade’ job goes to MGroup and Murphy

Works to start this summer on £400m Yorkshire GREEN electricity pylon upgrade
4 days ago

London council can no longer police planning applications

Planing row reveals Greenwich officials no longer follow-up to check on developments
4 days ago

Surgo Construction falls into administration

46 jobs lost as historic contractor ceases trading
5 days ago

Mace fresh start date for £90m Natural History Museum hub

Reading project to build store for 28m specimens to start early next year
4 days ago

Competition watchdog probes Barratt Redrow merger

CMA opens investigation into creation of mega house builder
4 days ago

Safety chiefs act to avoid building control crisis

Three-month extension to deadline for professionals to prove their competence
4 days ago

TClarke hits £500m turnover target but profitability slips

Big work-winning year sees order book swell 70% to £943m
4 days ago

Just 10% of £10bn Levelling Up funding spent by councils

Speed of delivering 'shovel-ready' projects fails to meet expectations
4 days ago

Six win £1bn North West & Central railway works deal

Story, Murphy and Amey feature in five-year CP7 framework
4 days ago

Willmott Dixon names new finance chief

James Mackenzie joins from Willmott Dixon's Eco World development JV
4 days ago

Ilke Homes name reappears after £320m collapse

New brand Homespace now owns modular designs after Ilke failure
5 days ago

Second staircase rule costs Vistry £19m

Firm reopens East Midlands timber frame manufacturing plant
5 days ago

Clients urged to get ahead of contractor recovery cycle

T&T says investment decisions must be ‘made not delayed’ for best value
5 days ago

Fife groundworks and plant hirer goes under axing 35 jobs

James Penman (Plant Hire) falls into administration in 50th anniversary year
5 days ago

Smart Motorway Programme Alliance chief to step down

Tony Slater is moving on to take up fresh career challenge
5 days ago

Balfour M25 workers vote for strike in pay row

Maintenance crews to down tools over "meagre" pay offer
6 days ago

Andrew English returns to Skanska as infrastructure boss

Returning director replaces Jonathan Willcock who is off to Costain
6 days ago

Construction back in growth as output rises 1.1% in January

Green shoots of recovery as private housing returns to growth
6 days ago

Contractor services