Carillion lands regeneration contract

Construction giant Carillion has continued its strong run of new contract wins by landing a key role in the £80 million regeneration of part of Leeds.

The Wolverhampton-based firm has been appointed to work on the regeneration of Holbeck Urban Villages in the city's South Bank area.

The 1.17 hectare site is a former industrial location housing three listed towers. Carillion will deliver 90,000 square feet of commercial office space, 24,000 square feet of retail, restaurant and bar spaces and a mix of one, two and three bedroom apartments and town houses.

The value of the development is £80 million, and a masterplan is to be submitted soon, with work set to begin in spring. This contract adds to the £1.7 billion of new business that Carillion has won since the half year.

Chief executive Richard Howson said: "We are very pleased to have signed this contract with Home and Communities Agency, having worked closely with them and Leeds City Council on this important regeneration project.

"Together, we have developed a vision for the regeneration of one of the most important landmark sites in Leeds that will create a sustainable community, which meets the aspirations of all stakeholders."