Laing O’Rourke has been named as preferred bidder on a £160m 55-storey residential tower at Greengate in Salford, Greater Manchester.
Developer One Heritage has signed a pre-construction services agreement with the firm on the project which will include 545 flats, ground floor commercial units and a new riverside walkway.
Much of the building is set to be delivered offsite by Laing’s off-site factory in Worksop, Nottinghamshire, which the project team said will help enable social distancing.
One Heritage director Jason Upton said: “This is a flagship scheme for the north west and it’s fitting that we’re working with a globally-recognised contractor. Laing O’Rourke have responded energetically to the challenge and demonstrated their appetite for working alongside us.”
Work is expected to start on site in the third quarter of the year, with the scheme targeted for completion in 2024.
Laing O’Rourke’s off-site factory generated revenue of £35m in the year to 31 March 2019, though it did not yet generate a profit as a standalone operation. The firm has been targeting an increase in its use as part of its business strategy.
