26th Mar 2015 11:16
LONDON (Alliance News) - FTSE 250-listed construction and support services company Carillion PLC on Thursday said it has won a GBP91 million contract from UK-listed property company Helical Bar PLC and has won a residential deal in North London.
Under the Helical Bar deal, Carillion will deliver Phase 1 of the Bart's Square redevelopment in the City of London. The first phase will include residential, offices and mixed use facilities on a site formerly occupied by Bart's Hospital.
The first phase of demolition is underway and construction is due to start in the summer, with completion scheduled for summer 2017.
Carillion has also won a GBP33 million deal from St George Central London to build 177 apartments at the Beaufort Park site in North London. Work on the site has started, with completion set for autumn 2016.
"Winning these prestigious contracts builds on the strong, high-quality order book we have in our UK construction services business," said Carillion Chief Executive Richard Howson.
Shares in Carillion were down 0.8% to 330.4 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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