Forrest lands another X1 build
Troubled contractor Forrest’s turnaround has received a further boost, with the Bolton firm appointed to deliver another Salford development for X1, called X1 The Landmark.
Designed by DK Architects, the development will consist of 191 one-, two- and three-bedroom apartments, together with townhouses. It will also feature a gym, residents lounge, courtyard garden, concierge and secure parking.
The £31.2m scheme is the fourth contract Forrest has been awarded by X1. The business completed phase one of X1 Eastbank project last year, and is currently on site at X1 The Plaza and X1 The Gateway.
Tim Waters, senior project manager at Forrest, said: “Building on our successes on similar projects for X1, our appointment to this scheme further strengthens our presence in delivering high-quality city centre living.
“The scheme will act as the gateway leading into the Middlewood Locks development in Salford so it’s a key scheme for the improvement of the wider area.”
Melissa Green, regional operations director at X1, said “We are hugely excited to see this project starting on site, and to continue building on our strong relationship with Forrest.
“Demand has been great, and we have already sold most of the apartments.”
Apartments in X1 The Landmark were released for sale earlier this year by property consultancy Knight Knox.
In February this year, Forrest announced a programme of redundancies and a restructuring, later admitting to £26m of accounting “errors” in recent years. The business was refinanced with the help of lenders including the Greater Manchester Combined Authority.
Forrest has since won some impressive contracts, including the £28.2m CituNQ in Manchester’s Northern Quarter, Elliot Group’s The Residence, and a £10.8m extra care scheme in Liverpool for ForViva.