Willmott Dixon has been selected to complete construction of a £40m development in central Nottingham, UK, which was stalled in 2008 due to the recession.
Upon completion, the development will create 237 residential apartments, as well as office, restaurant, leisure and retail facilities.
The mixed-use scheme on Canal Street, formerly known as Southreef, is structurally complete and partially occupied.
Willmott Dixon has won the £5m contract to complete the project by December 2013, working alongside project management and engineering consultant Arup.
As per the deal, Willmott Dixon will complete 42 apartments, along with the facade and internal works to a further 34 apartments and five commercial units featuring office space near the Nottingham City Council’s offices.
The scheme is part of the Eastside master plan, located on the edge of the Creative Quarter and Southern Gateway business district.
Willmott Dixon operations director Nick Heath said, "Nottingham One is a big part of the city’s growth plans, becoming a major focal point on one of the city’s main arterial routes."
Nottingham One Development director Colin Wright said that around 16,500ft² of office space has already been leased in the scheme.
"The development also provides office facilities from 7,000ft² to 15,000ft² and is already the UK headquarters for Crytek, the German video gaming company," Wright said.
Nottingham City Council deputy leader Graham Chapman said the development shows that the market is recovering in Nottingham.
"The Southern Gateway Business District is a great place for business with excellent communication links to Nottingham’s transport system and in particular the tram," Chapman said.