McAleer & Rushe Reports £80m Boost Its Order Book With A Trio Of Contracts

McAleer & Rushe Contracts UK has announced a hat-trick of mainland contracts worth more than £80m.

The firm has been selected for a £27m contract by Whitbread to build a 380-bedroom Hub by Premier Inn at 62-68 York Way, in King’s Cross, London. This will be the UK hospitality giant’s largest development in the UK.

Taylor Wimpey, one of the UK’s largest residential developers has awarded McAleer & Rushe a £37m contract to build 91 apartments as part of the second phase of its Westminster Quarter on Great Peter Street, SW1. McAleer & Rushe also built the first phase.McAleer & Rushe has also been appointed on a £17m Design & Build contract by Knightsbridge Student Housing Ltd (KSHL) to build a 361-room student housing scheme in Southampton. 

Belfast-based Urban Innovations has been appointed architect on the new-build scheme. The scheme involves 361 en-suite bedrooms over 8-storeys, a combination of studios and cluster flats.

McAleer & Rushe is also working with KSHL to progress schemes in Portsmouth and Dublin comprising a further 1000 and 400 beds respectively.

Martin Magee, Managing Director of McAleer & Rushe Contracts UK said:

“These new UK contracts are a testament to all of those in our Design and Build Management Teams. They have earned McAleer & Rushe an enviable reputation of delivering, even the most challenging projects on time, and on budget. They deliver solutions that cement client loyalty and drive our order book.”

The UK mainland orientated entity of the Cookstown and London-based firm reflects its successful endeavours to attract larger institutional and corporate UK clients.

The company has also filed results for a separate entity McAleer & Rushe Group for the 18 months to September 2014 which showed turnover of £68.4m reflecting a pre-tax profit of £1.7m.

McAleer Rushe Finance Director, Construction, Eamon Higgins said:

“McAleer & Rushe Contracts UK is in line to generate turnover in excess of £200m for 2015. We are very confident we can continue to deliver strong growth over the next few years. We are in the very fortunate position of having an increasingly strong order book not only on the UK mainland, but also in Northern Ireland and the Republic of Ireland”.

McAleer & Rushe recently announced it is developing a new 100,000 sq ft office, for Belfast City Council, on the Clarendon House site on Adelaide Street in Belfast. It also revealed it has submitted planning applications to develop two major student housing schemes delivering 1280 rooms for central Belfast.