The contractor will deliver more than 1,600 student beds in the cities, with the deals set to push Downing's turnover above the £100m mark for the first time.
In London, the company will deliver a mixed-use student development at Miles Street in London's Vauxhall as part of a contract worth more than £90m. Features include delivering 841 student bedrooms within a 36-storey building, alongside 40,000 sq ft of commercial space.
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Elsewhere in Manchester, Downing has secured a contract worth over £50m to build the River Street student development. Located between River Street and Garwood Street, next to the Mancunian Way, the scheme will house a vaulted building of 32-, 10-, and five-storeys featuring 791 student bedrooms with a mix of studios, cluster bedrooms and apartments.
Ian Orton, Managing Director, said: "This current round of contract wins will take our workflow through into 2021 on secured contracts – putting the business in an extremely good position to continue to grow and explore high-profile projects across the UK.
"Our turnover for the 2018/2019 financial year is set to top the £100 million mark for the first time. This marks a key milestone for Downing Construction and one we look forward to building on over the coming years.
"We've established a core team that has grown in recent years in anticipation of this expected growth, and we continue to actively recruit at all levels."
(LM/MH)
