Construction on One Chamberlain Square at Paradise Birmingham, UK, has resumed with the appointment of BAM Construction as its new main contractor.
On 15 January, work on the project stopped when the original contractor, UK-based construction company Carillion, went into liquidation.
Under the terms of the current deal, BAM Construction will now be responsible for managing the completion of One Chamberlain Square and the existing building supply chain.
The company is currently building Two Chamberlain Square.
BAM Construction has already formally taken over the site last week, and the majority of the subcontractors who were involved in the construction project have returned to service.
Early next year, the new building will be handed over to the international professional services company PricewaterhouseCoopers (PwC) for its Birmingham office relocation.
Birmingham City Council leader councillor Ian Ward said: “Paradise Birmingham is central to our wider regeneration vision for the city. It is vital to the local economy, so to get a new main contractor on board in the shape of BAM to complete One Chamberlain Square is an important next step.
“This move not only supports existing jobs in the supply chain but also helps to secure local construction skills. Completing the first new buildings at Paradise next year will transform the historic civic space in the heart of the city and help us fulfil the potential of this vitally important development.”
Located within the city centre’s Enterprise Zone, the 1.8 million square feet Paradise Birmingham will accommodate up to ten new buildings that would be used for offices, shops, bars, cafés and restaurants, as well as a four-star hotel built across 17 acres.
The redevelopment of the facility is being carried out through Paradise Circus Limited Partnership (PCLP), which is a private-public joint venture (JV) with Birmingham City Council.
The project’s Phase I and II private sector funding is being managed by Hermes Investment Management. Argent is serving as the development manager.
For the first phase of the development, Hermes has collaborated with Canada Pension Plan Investment Board (CPPIB).