Carillion secures £90m contract to develop residential towers in London

18 August 2014 (Last Updated August 18th, 2014 18:30)

Construction Group Carillion has secured a £90m contract from HUB Residential to develop the Hoola London project in the Royal Docks area of London.

HUB

Construction Group Carillion has secured a £90m contract from HUB Residential to develop the Hoola London project in the Royal Docks area of London.

The move by HUB Residential came after the company appointed Carillion as the preferred bidder for its Hoola London project earlier this year.

Under the deal, Carillion will design and construct two towers at 24-storeys and 23-storeys.

The towers will house 360 residential apartments and one commercial unit.

The buildings are designed with environmental features such as blue roofs, which can manage surface water run-offs and store and share energy.

"The buildings are designed with environmental features such as blue roofs, which can manage surface water run-offs and store and share energy."

Construction work on the project will start immediately and will complete by the autumn of 2016.

Carillion CEO Richard Howson said: "We are delighted to have signed the contract to deliver the Hoola London development.

"Being chosen for this prestigious project reflects our reputation for reliable delivery, high standards of quality, value for money and sustainability, together with the strength of our long-term customer relationships."

The company will use the project to create 40 new apprenticeships in the region.

With operations across the UK, the Middle East and Canada, Carillion has a portfolio of public private partnership projects and extensive construction capabilities, and employs around 40,000 people.

In 2013, the company generated annual income of £4.1bn.


Image: An artist's impression of the Carillion-designed residential towers in London. Photo: courtesy of Carillion plc.