Carillion signs contract with Homes and Communities Agency for £80 million regeneration project in Leeds

Carillion has signed a contract with the Homes and Communities Agency to deliver the regeneration of Tower Works in Holbeck Urban Village on Leeds' South Bank.

The 1.17 hectare site is a former industrial location housing three listed Italianate Towers from which the site derives its name. Carillion will deliver 90,000 square feet of commercial office space, 24,000 square feet of retail, restaurant and bar spaces alongside a mix of one, two and three bedroom apartments and town houses, transforming the site into a mixed-use, sustainable community with its own distinctive character.

The combined value of the proposed development is approximately £80 million and a site-wide masterplan will be submitted for planning approval shortly, subject to which construction work is expected to begin in Spring 2016.

This contract adds to the £1.7 billion of new business that Carillion has won since the half year, as announced on 12 October 2015.

Carillion Chief Executive, Richard Howson, said: "We are very pleased to have signed this contract with Home and Communities Agency, having worked closely with them and Leeds City Council on this important regeneration project. Together, we have developed a vision for the regeneration of one of the most important landmark sites in Leeds that will create a sustainable community, which meets the aspirations of all stakeholders."