LONDON (ShareCast) - (ShareCast News) - Carillion has signed a contract with the Homes and Communities Agency to regenerate Tower Works in Holbeck Urban Village on Leeds' South Bank.
The construction and support services company said the contract adds to the £1.7bn of new business it has won since the half year, as announced on 12 October.

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

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.

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."

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