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29/03/2018
Helical Replaces Carillion On Barts Square Residential Development
Work is back on track at the multi-million pound Barts Square residential development in London after developer Helical appointed new contractors to the scheme following the collapse of Carillion.
The now-defunct industry services firm was the main contractor on the project when it entered into compulsory liquidation in January this year.
In a trading update, Helical revealed it has now appointed Mace, Mclaren and QOB Interiors to deliver the remaining elements of the scheme.
The developer said: "The main contractor at Barts Square, Carillion, which went into liquidation on the 15 January 2018, has been replaced by Mace (One Bartholomew Close), McLaren (phase 1 residential) and QOB (90 Bartholomew Close) and each element of the scheme is back fully operational.
"A main contractor for the second phase of residential is expected to be appointed in Q2 2018.
"Whilst there has been some delay to the project arising out of the replacement of Carillion, the majority of additional costs are expected to be covered by existing contingencies."
Once finished, the development will comprise 236 apartments, 24,500 sq ft of offices and 20,500 sq ft of retail space, as well as a new 213,000 sq ft Grade A office building (One Bartholomew Close).
(LM)
The now-defunct industry services firm was the main contractor on the project when it entered into compulsory liquidation in January this year.
In a trading update, Helical revealed it has now appointed Mace, Mclaren and QOB Interiors to deliver the remaining elements of the scheme.
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The developer said: "The main contractor at Barts Square, Carillion, which went into liquidation on the 15 January 2018, has been replaced by Mace (One Bartholomew Close), McLaren (phase 1 residential) and QOB (90 Bartholomew Close) and each element of the scheme is back fully operational.
"A main contractor for the second phase of residential is expected to be appointed in Q2 2018.
"Whilst there has been some delay to the project arising out of the replacement of Carillion, the majority of additional costs are expected to be covered by existing contingencies."
Once finished, the development will comprise 236 apartments, 24,500 sq ft of offices and 20,500 sq ft of retail space, as well as a new 213,000 sq ft Grade A office building (One Bartholomew Close).
(LM)
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