Nikal enters construction market
Manchester-based developer Nikal has launched a construction arm to deliver contracts valued between £100,000 and £5m.
Nikal Special Projects will be headed by Nikal construction director Mark Hopkins. He said: "We believe there is a gap in the market for someone to deliver high quality small and medium sized projects – too big for a small builder but too small for the large construction firms. This is a natural progression for us, something borne out of our own experience and frustration when we have had to get down and dirty to complete projects ourselves.
"We have developed our own direct supply chain which means we can drive greater value and superior quality. We have employed administrative back-up and experience to deliver schemes efficiently and to the highest standard."
Hopkins said NSP has a forward order book of £5m of contracts including residential and office schemes within Manchester and Birmingham.
He added: "We looked at what they wanted to achieve and the commercial viability and knew it would be better done differently. We are using our expertise to spend the budget more wisely, to give a better designed and better built end product.
"We think there is huge potential for smaller scale schemes of character which become viable when you strip away the layers of profit to multiple subcontractors."
Nick Payne, managing director of Nikal, said: "This has been an organic process. We will always be primarily focussed on major town and city regeneration projects but see NSP as an important part of our growth strategy and commercial delivery."
