Torsion steps-in to save stalled £50m scheme

Grant Prior 2 years ago
Share

Torsion Group has been appointed to finish the stalled £50m Westminster Works residential scheme in Birmingham.

Work stopped on the 220 apartment Build-to-Rent job two years ago when developer The High Street Group went into administration.

The original main contractor was Metnor Group which went also into administration earlier this year.

Torsion Construction will now complete the scheme for new developer Hadrian Real Estate  and funder AM Alpha with work due to finish in early 2026.

Dan Spencer, CEO at Torsion Group, said: “Westminster Works is the latest in a string of recent large residential projects for Torsion as we respond to ever-growing requirements in this sector. This latest scheme reaffirms our ongoing confidence in the market and continues our growth in the Midlands region.

“We are delighted to be working with Hadrian Real Estate and AM Alpha as principal contractor on this development.   We understand that investors need a construction partner that can help them capitalise on the positive trends within the Build-to-Rent sector, and our teams are now focussed on delivering this flagship development in Birmingham.”

Keith McDougall, Hadrian Real Estate, said: “We are expecting high demand for Westminster Works because of its proximity to the city centre and less than 1km from New Street Station. We were impressed with the quality of build and experience we saw on other Torsion schemes we visited.. We are really excited about what this development means for this up and coming area of Birmingham.”

Oliver Gaschler, AM Alpha, said: “We are delighted to fund our first scheme in the UK and Birmingham is a great place to live, work and invest, which eloquently sums up why we chose Westminster Works. The development has been designed with a focus on quality, operational efficiency, and long-term environmental sustainability that meet the needs and aspirations of residents.

 

Latest news

80 energy projects unlocked as Ofgem backs grid expansion

£24bn energy networks deal gets green light from regulator
11 hours ago

Pinewood submits £1bn data centre plan

Studio giant adds green and learning spaces to tech hub blueprint
12 hours ago

Record results after TClarke goes private

Britain's biggest M&E contractor flourishes after de-listing
12 hours ago

Dalkia lands £200m nuclear maintenance deal

1,000 nuclear FM staff to join M&E contractor
11 hours ago

Construction comeback to outpace wider economy

Arcadis forecast fueled by spending review optimism
1 day ago

First steel goes up on giant car battery site

Severfield gets to work on McAlpine Somerset site
1 day ago

Permasteelisa wins cladding deal on Bovis city tower

Facade specialist lands package at 60 Gracechurch Street
11 hours ago

Fox buys recycled asphalt specialist Fisher

Acquisition adds major recycled asphalt capacity in north west
1 day ago

Major Building Safety Regulator shake-up to end tower delays

HSE stripped of control and top fire chiefs brought in to fast-track stalled schemes
1 day ago

Hinkley trio sign Sizewell civils deal

Balfour,Bouygues and Laing O'Rourke form Civil Works Alliance for new power station
1 day ago

£3.9bn data centre plan for Ravenscraig steelworks

Green energy to power massive new steel to silicon AI campus
2 days ago

Breakthrough on HS2’s second longest tunnel

8.4 mile Northolt to Old Oak Common drive completes
2 days ago

Neilcott on fast-track to debt-free employee ownership

£22.5m loan nearly paid down after big profit year
1 day ago

TfL kicks off race for £700m Tube station upgrade

South Kensington and Elephant & Castle top the pipeline list
2 days ago

Corbyn Plant Hire fleet goes under the hammer

Kit to be sold off by sister firm to collapsed groundworks contractor
1 day ago

Government wields procurement stick on late payment

New rules would block slow payers from bidding on big public jobs
4 days ago

Hercules buys power line labour firm for £15.7m

Labour supply specialist snaps up Advantage NRG to tap booming electricity upgrade market
4 days ago

Universal bid to fast-track planning for theme park

Entertainment giant eyes 2026 start at Bedford site
5 days ago

Developer Breck to transform former Ibstock brick factory

Ravenhead works to become 300-home development
4 days ago

SP Energy Networks awards contracts worth £1.4bn

First round of awards under £5.4bn national electricity grid upgrade programme
5 days ago

Travelodge to convert Liverpool Street office building

Office-to-hotel conversion in City of London
4 days ago

Plans lodged for 1m sq ft City of London office

Barbican landmark building will reuse 40% of existing structure
5 days ago

PTSG acquires roofing specialist HD Sharman Group

Premier Technical Services Group expands building maintenance division
5 days ago

Balfour Beatty lands £833m carbon capture power plant job

Work to start later this year on Teesside carbon capture gas-fired power station
5 days ago

Svella agrees deal to save Cubby Construction

Solvent purchase set to save 214 jobs and protect supply chain
5 days ago

J Coffey holds line on margins despite £52m revenue slide

Pre-tax profit down 14% but firm eyes strong pipeline to bounce back
5 days ago

Consultants called up for £2.3bn NHS SBS panel reboot

Market asked for views ahead of next-gen procurement rollout
5 days ago

Hochtief launches new UK data centre division

German business model to be introduced for UK construction
6 days ago

Construction skills body launches with 100,000 worker target

Industry to work closer with Jobcentres to find new talent
5 days ago

Kier lands £42m Midlothian school and community hub

Contractor strengthens presence in Scotland with big education job
5 days ago