Design and build contractor McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first half of 2023 in Greater London, the Midlands, and Scotland that will extend its purpose-built student accommodation (PBSA) presence.
As a representation of McAleer & Rushe’s expansion within the PBSA sector, the signing of the contracts will see the company working on new and exciting projects.
The company will work with existing and new clients and investors including Greystar to deliver the new schemes. These include 1,400 student beds across three PBSA schemes in London and Nottingham – one of which is Greystar’s scheme in Wembley Park which was recently acquired from Quintain, with McAleer & Rushe appointed as a construction partner.
Other developments include two residential schemes in Central London and one Build to Rent scheme in Edinburgh.
“This is a very exciting time for our business with strong growth, particularly across the residential market and which complements our longstanding footprint within the student accommodation, office and hotel sectors.
“Our on-going projects see us operating in key cities throughout the UK, particularly in and around London with more than 10 live projects in the city. Our strong financial position and sustained growth over recent years reflects our reputation as a reliable and competitive construction partner that delivers excellence on every project we undertake for a broad range of clients and funders.
“Specific areas of growth include an ever-increasing portfolio of residential developments, the latest additions being two significant schemes in London, worth a combined £228m, and which will deliver new homes in both the prime residential for sale and affordable markets.
“It is the dedication, expertise and attention to detail of our teams, supported by our long-standing supply chain which underpins our success and has allowed us to tackle the current and recent industry headwinds. It has also enabled the company to continually look to improve our offer to clients, evolve as a business and seek to grow our footprint into new markets such as co-living, cut & carve and later-living where we are seeing an increasing level of enquiries.”Martin Magee, Managing Director (MD), McAleer & Rushe
Recently, McAleer & Rushe appointed Charlene Millen as its new Head of Sustainability as the company continues to focus on its Net Zero Carbon Pathway across its operations – as well as in investments in new technology critical to its Science Based targets approach.
The company is on track to achieve a turnover of £425m in 2023, as its strong pipeline of work reflects its continued growth.