Wilmott Dixon to build £65m mixed-use scheme

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Wilmott Dixon has been chosen to present a £65m mixed-use strategy successful Peterborough, Cambridgeshire.

The project, located successful Northminster, includes 315 apartments successful 10 storeys, 37 townhouses, and leisure and commercialized units connected the crushed floor. It volition beryllium built adjacent to a cathedral connected the tract of a erstwhile nightclub and market.

The contractor is delivering the strategy with PIP, a regeneration-focused JV betwixt Peterborough Council and investors IAGH3.

Cambridgeshire and Peterborough Combined Authority are besides acceptable to money £14m of the £65m job.

Wilmott Dixon said the houses volition beryllium categorised arsenic affordable lodging and rented astatine rates acceptable 80 per cent little than the marketplace rate.

The operation process volition impact offsite elements with the purpose of slashing c emissions, including utilizing light-gauge alloy frames, which person a little c footprint than the factual alternative. The contractor volition besides usage ceramic slips oregon brick-effect tiles that springiness the content of bricks.

The steadfast said it intends to enactment with locally sourced labour, bid up younker and put successful concern successful the Northminster area.

The operation squad is being mobilised this week and the task volition beryllium delivered by August 2024.

Earlier this year, Wilmott Dixon was named connected a £4.2bn large projects framework to transportation retired enactment successful England and Wales.

In its accounts filed for the twelvemonth ending connected 31 December 2020, the firm’s turnover fell somewhat from £1.25bn successful 2019 to £1.19bn. Its pre-tax margins halved implicit the aforesaid period.