CPUK Salford South Hall Street Jan 2019

CPUK set for two Salford projects

CPUK is being lined up to deliver two residential projects in Salford, including more than 140 apartments at South Hall Street and 85 flats on Worrall Street.

The Skelmersdale-based contractor is understood to be preferred bidder for the two projects. The larger scheme is on South Hall Street, designed by AFL Architects and pictured above; this features a mix of one, two, and three-bed apartments. MMGG Properties is the developer.

The project will see the existing office building to the east of the site, known as Gresham Mill, retained, while a seven-storey new-build element will be added. In total, there will be 142 apartments. GVA How is the planner.

At Worrall Street, CPUK is also lined up to deliver the first block in a wider development by Forshaws. This comprises 86 apartments in a part eight, part nine storey building, which is one of three proposed blocks in the 232-apartment development.

Along with the potential deals in Salford, CPUK is in line to deliver a £30m apartment scheme in Stockport for developer Urbanize Homes. Reaching 13 storeys, this includes 78 one-beds, 84 two-beds, and two three-beds on the site of the former Greenhale House in the town centre.

CPUK’s order book has now hit £100m for the first time in its 18-year history, with many of its projects secured on a negotiated basis with repeat clients.

Steve Burke, managing director of CPUK, said: “We’re very happy with our current workload and forward pipeline.

“We target projects we are interested in and we will only commit to a project if we believe we can successfully deliver the scheme whilst enhancing our reputation and maintaining profitability.

“The great news is that more than 80% of our current workload is negotiated and most of the projects in our order book are repeat business from long-standing clients, which has been a long-term goal for this company.

“As the company has grown, we are being invited into larger schemes and are finding that many of our customers are attracted to companies of our size rather than the Tier 1 contractors.”

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That’s a lot of turnover for only £1.2M net assets – let’s hope they don’t run into any problems on the projects and the developers have pre-sold all those apartments.

By Fidel

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