Vermont checks in to new Liverpool city centre HQ
Construction and property development firm Vermont has moved to a new head office in Liverpool city centre as it continues its growth.
The relocation of the head office to No.1 Sefton Street at the Quarter, together with the group’s offices at Salford’s MediaCityUK, will provide state of the art office accommodation for the 50-strong team working across the residential, student, leisure and retail sectors.
The new office will support the rapid growth of the group’s development and contracting pipeline across the North West and its ambitious expansion plans for 2018.
Turnover has risen dramatically from £17.0m in 2015, with the group expecting to turnover £55.0m between April 2017 and March 2018, with a further £120m of construction orders secured beyond 2018.
The office will provide a vibrant hub and one-stop shop from which Vermont will manage a variety of projects on behalf of their partners, from design and construction through to lettings and management.
Projects in the pipeline for 2017 include the first phase of the £107m X1-Manchester Waters development, together with the initial phase of The Campus development at Salford University.
Vermont is currently on site delivering the final phase of the award-winning The Quarter development in Liverpool, due for completion in December 2018 and is on site with the X1 MediaCityUK scheme at Salford Quays, which comprises four 26-storey residential towers adjacent to Peel’s Media City development.
Established in 2004 by Mark Connor, the company provides a range of development and contracting services across the property and construction sectors.
Since its inception, its in-house team has delivered over 1.8 million square feet of accommodation across residential, student, leisure and retail sectors with a gross development value in excess of £280m.
Connor said: “This is an exciting time for the business as we plan for the future and the new head office will be instrumental to our continued success and growth.
“The Vermont Group of companies has been growing rapidly for a number of years and our new premises will ensure all operations can be managed effectively under one roof by the Executive team.
“We will continue to focus on the residential and student sectors, albeit this market is evolving with the growth of PRS and now institutional funding finding its way into the Liverpool and Manchester markets.”
In addition the Group has also confirmed its intention to establish the Vermont Investment Trust in 2017 which will look to provide seed capital and investment into new local start-up businesses with all returns generated by the Investment Trust then be gifted to local charities across the region.
