Projex Building Solutions has announced further developments in its expansion plans.
The Leeds-based firm of Building Surveyors and Project Managers has won the contract to project manage and provide cost consultancy advice on a £30 million mixed-use scheme in the Midlands for LXB, the Jersey-based retail investment specialist, which will see a new type of sustainably-led retail and leisure destination being constructed in 2012.
The majority of the 244 acre site known as Rushden Lakes Shopping Park (“The Lakes”), is a Site of Special Scientific Interest and alongside conventional shoppers, hopes to attract other visitors to the area, providing a potential new market for a wide range of independent retailers and the local tourist industry.
Projex has also agreed a new financial package with Santander Corporate Banking to finance future growth on the back of business expansion. Managing Partner Phil Tomalin says this will see turnover doubling for the third year running, a new office opening in Henley-in-Arden and follows on from last month’s office re-location in Leeds to new premises at Brewery Wharf and a recent merger with Birmingham-based construction cost consultancy Keane Consult.
Working with Projex and their accountants Sagars LLP, the bank was able to offer the business a competitive and increased working capital facility to assist with their business growth. Hardeep Thandi, a Santander Relationship Manager based in Leeds, said:
”We are pleased to have been able to put the right financing solution together to be able to help support Projex’s future growth strategy. At Santander Corporate Banking, we are committed to getting to know our business clients and providing the right funding to suit their individual needs. Projex has a fantastic market proposition, providing unique services to the highly specialised construction sector and we wish them every success going forward.”
Phil Tomalin explains that the new partnership will enable the company to look at larger and higher profile schemes throughout the country, saying:
“The Midlands’ Partners are vastly experienced in all aspects of the construction management process and have worked on major UK projects such as the £32 million refurbishment of Waterloo Station and the £12 million refurbishment of T1 at Heathrow Airport, as well as projects closer to home such as the cost consultancy on Bridgewater Place, Leeds’ tallest building, for Landmark Developments.
“The extended skills set we can now offer and continued hands-on approach from partners is already paying dividends in winning exciting new contracts such as The Lakes, and we are currently looking at pipeline schemes across retail, healthcare, office and industrial sectors with a combined value in excess of £60 million.”
Locally, Projex is advising Gregory Property Group on its £35 million Broad Street Plaza, Halifax, one of the biggest regeneration schemes to start on site in Yorkshire last year.
You can view and download this news article here