Torsion steps-in to save stalled £50m scheme

Grant Prior 10 months 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

Housing and office new work jump fuels output recovery

August new construction work rebounds 1.6% after early summer fall
2 days ago

£300m London City fringe office tower approved

Rocket's 27-storey One Fairchild Street job set for take-off
3 days ago

Consultants named for London Tube Bakerloo Line extension

Aecom and architect WW+P to work up designs for four new stations
2 days ago

15 giant bridge beams lifted into place at HS2 station

Balfour Beatty VINCI carries-out civils work for Solihull station: Video
3 days ago

Ballymore JV picked for £500m King’s Cross scheme

Camley Street scheme to consist of 350 homes and offices
3 days ago

Digger stolen from Dorset site recovered in Poland

Machine found after four month police hunt
2 days ago

Construction firms face claw back of R&D tax credits

HMRC estimates only 38% of construction claims are "wholly compliant"
3 days ago

Willmott Dixon bounces back into profit in first half

CEO predicts ISG demise will shift client mindsets from lowest bid to best quality
3 days ago

M&E specialist Integral UK suffers fifth year of losses

Building services and FM specialist plunges to £32m loss
3 days ago

Glenbrook plans 44-storey Manchester resi tower

Scheme next to Deansgate station will contain 360 flats
3 days ago

Downing submits 430-bed London student scheme

Two-10 storey towers planned at Wandsworth Gasholder Site
3 days ago

Mace construction head steps down

Andrew Jackson leaves top role after three months
4 days ago

Pre-pack saves 60 jobs at fit-out firm WFC Contractors

Aviation fit-out group swoops on up-market hospitality fit-out specialist
4 days ago

Multiplex in talks for ISG’s £70m London offices to labs job

Plan to restart Regent Quarter life science campus with ISG project team
4 days ago

M&E firm goes under after more than 70 years in business

HBS Group Southern employed 75 staff
5 days ago

Trio of big names win £600m biscuit factory revamp

Developer Greystar confirms deals for McLaren, McAleer & Rushe and Sisk
5 days ago

HS2 London tunnels chief joins Transpennine Route Upgrade

James Richardson will take up MD role at TRU in New Year
4 days ago

Transport minister signals HS2 will run to Euston

Decision expected in spending review and budget later this month
5 days ago

£9bn Lower Thames Crossing decision delayed 7 months

Fears grow mega project could be axed in upcoming Budget
5 days ago

Vistry issues profit warning over build out costs at southern division

Probe launched after £115m hit on 9 schemes where build costs under estimated by 10%
5 days ago

ISG administrator tells subbies no funds to pay debts

EY warns trade creditors they are unlikely to see any of the cash they are owed
5 days ago

Giga factory powers McAlpine to top of contracts league

Work winning for the top 50 firms rebounded in September after August lull
5 days ago

Merit to build £30m modular NHS medicines centre

Specialist starts work on offsite components
5 days ago

Buckingham supply chain hit soars above £300m

Unpaid bills from unsecured creditors keep mounting
6 days ago

Mapping experts take control of buried pipes register

Ordnance Survey to help ensure safe digging and excavation
5 days ago

Winners of £3bn London housing major works deal

Graham, Kier, McLaren, Morgan Sindall, Vinci and Wates win places
6 days ago

BBC brickies firm went down owing £2m to suppliers

Hodgkinson Builders sold for £95,300 in pre-pack deal
6 days ago

Network Rail reveals top suppliers spend

BAM leads as biggest civils rail contractor
6 days ago

Go-ahead for £125m Immingham Ro-Ro terminal

Dragados is lined up to deliver the terminal which includes three new berths
6 days ago

Renew buys onshore wind firm for £50m

Full Circle deal adds 160 specialist technicians to workforce
6 days ago

Contractor services