Contractor replaced on major build-to-rent scheme after Carillion collapse
A new contractor has been appointed to a major build-to-rent scheme in Manchester, following the collapse of Carillion.
Caddick Construction will take over work on the £154m Angel Gardens scheme to deliver a 35-storey tower for rent in the city.
Caddick was engaged by sister company Moda Living, which is working with Apache Capital to develop the tower, following Carillion’s collapse earlier this month.
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The firm will now act as construction manager. It has also hired 20 former Carillion employees and the contract win is expected to protect about 30 sub-contractor companies previously working under Carillion.
Adrian Dobson, commercial director at Caddick Construction, said: “The fast and effective takeover of this complex project is a testament to the strength and depth of our team.
“We are fortunate that our construction team has been able to step in and take this project forward within two weeks and are delighted that so many key Carillion employees elected to join the group, as this really strengthens our team in the North West.”
Moda is planning to build 6,000 rented homes across the UK, focusing on major cities outside London, with other schemes in Birmingham, Edinburgh, Glasgow, Leeds and Liverpool.
