ISG is close to being chosen as preferred contractor to build a 31-storey development for Your Housing Group, the third in a series of major residential towers at Peel’s Liverpool Waters, Place North West understands.
Designed by Brock Carmichael for YHG, the tower is due to feature 278 apartments, which will be operated by the housing provider under its Nuvu Living private-rented brand.
ISG is understood to be in second-stage negotiations as preferred bidder for the project, having been chosen ahead of two other contractors. Plans were submitted for the project in February last year and approved in August, and at the time plans were lodged it was said to have a GDV of around £55m.
Work is expected to start on the project in late 2018 or early 2019.
The 31-storey tower forms part of a trio of residential towers at Liverpool Waters. The first, Plaza 1821, features 104 flats over 15 floors and is being developed by Peel and Regenda.
Designed by Hodder + Partners, Place North West first reported contractor Forrest had been chosen to deliver the project in October last year, and work started on site in late 2017.
The largest tower currently planned at Liverpool Waters is Moda’s 35-storey The Lexington, an £80m development featuring 325 private-rented apartments and 15,000 sq ft of amenity space.
Place North West also revealed that contractor BCEGI had been named preferred bidder for the scheme earlier this year, in the company’s first job outside of Manchester. The Falconer Chester Hall-designed project is being funded by Apache Capital Partners.
If ISG is successful in securing the contract it will be the company’s latest high-profile job in Liverpool. The contractor is currently on site delivering a £39m student accommodation, hotel, and retail scheme next to Lime Street Station, and is one of the bidders battling to deliver the overhaul of the Echo Building, which will be converted into offices, a hotel, and retail.
The company reported a record pre-tax profit in its latest full-year results, posting underlying profit of £28.2m on a revenue of £1.7bn for the year to 31 December 2017.
ISG and Your Housing Group both declined to comment.