Styles&Wood wins £17.7m refurbishment contract
PROPERTY services and project delivery specialist Styles&Wood has won a £17.7m contract to deliver the refurbishment of Westminster House in Manchester city centre for Aviva Investors.
The contract, secured following a competitive two-stage tender process, will see the group’s projects division refurbish the 161,460sq ft building on Portland Street in line with modern standards of Grade A office accommodation and environmental performance.
The 69-week project will include the complete refurbishment of the fabric and finishes together with mechanical and electrical upgrades on a phased basis, allowing the ongoing use of the building by an existing tenant during the refurbishment.
The scheme has been designed by BDP, WSP and Chapman BDSP and is due to complete in November 2016. On completion of the project, Aviva Investors will be seeking tenants for circa 96,875sq ft of space, through retained leasing agents, Savills and Cushman and Wakefield.
The company says the appointment demonstrates the success of Styles&Wood’s strategic focus to further its reach into specialist refurbishment markets, where it provides integrated property solutions.
It also says it represents the group’s single largest project success since 2008 and underlines further the business’s diversification strategy.
Styles&Wood chief executive Tony Lenehan said: “This is a significant win for Styles&Wood in a key growth sector for a number of the Group’s service lines.
“The Group now has in excess of 270,000sq ft of office space under refurbishment for legal, financial and insurance blue chip customers.
“This reinforces our credentials for corporate office clients on a national scale. As such, combined with our expertise in working in live, occupied environments, we are now in an excellent position to secure future projects as institutional investors look to enhance the value of their property assets.”
The appointment is the latest in a string of commercial project wins secured by the Altrincham-headquartered firm in Manchester this year, including a £1.6m fit-out contract at One St Peter’s Square and the full strip-out and refurbishment of the 50,000 sq ft, eight-storey Citygate Court.