Torsion Group has been appointed to finish the stalled £50m Westminster Works residential scheme in Birmingham.
Work stopped on the 220 apartment Build-to-Rent job two years ago when developer The High Street Group went into administration.
The original main contractor was Metnor Group which went also into administration earlier this year.
Torsion Construction will now complete the scheme for new developer Hadrian Real Estate and funder AM Alpha with work due to finish in early 2026.
Dan Spencer, CEO at Torsion Group, said: “Westminster Works is the latest in a string of recent large residential projects for Torsion as we respond to ever-growing requirements in this sector. This latest scheme reaffirms our ongoing confidence in the market and continues our growth in the Midlands region.
“We are delighted to be working with Hadrian Real Estate and AM Alpha as principal contractor on this development. We understand that investors need a construction partner that can help them capitalise on the positive trends within the Build-to-Rent sector, and our teams are now focussed on delivering this flagship development in Birmingham.”
Keith McDougall, Hadrian Real Estate, said: “We are expecting high demand for Westminster Works because of its proximity to the city centre and less than 1km from New Street Station. We were impressed with the quality of build and experience we saw on other Torsion schemes we visited.. We are really excited about what this development means for this up and coming area of Birmingham.”
Oliver Gaschler, AM Alpha, said: “We are delighted to fund our first scheme in the UK and Birmingham is a great place to live, work and invest, which eloquently sums up why we chose Westminster Works. The development has been designed with a focus on quality, operational efficiency, and long-term environmental sustainability that meet the needs and aspirations of residents.