McAleer & Rushe set for record year

McAleer & Rushe is set for a record year having secured new residential contracts worth £440m in the first half of 2023.

Ocean Drive, Leith, Edinburgh. The Docksdie development is one of McAleer & Rushe's Build to Rent projects under construction | BTR News
Ocean Drive, Leith, Edinburgh. The Docksdie development is one of McAleer & Rushe's Build to Rent projects under construction.

Design and Build contractor McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first half of 2023 in Greater London, the Midlands, and Scotland.

Showcasing McAleer & Rushe’s expansion within the residential sector, the new projects will see the company working with existing and new clients and investors including Greystar, Goodstone Living and Braeburn Estates.

The new projects include Dockside, a 338-apartment Build to Rent scheme in Edinburgh, alongside two residential schemes in Central London delivering 366 homes, and three PBSA schemes in London and Nottingham.

“This is a very exciting time for our business with strong growth, particularly across the residential market and which complements our longstanding footprint within the student accommodation, office and hotel sectors. Our on-going projects see us operating in key cities throughout the UK, particularly in and around London with more than 10 live projects in the city. Our strong financial position and sustained growth over recent years reflects our reputation as a reliable and competitive construction partner that delivers excellence on every project we undertake for a broad range of clients and funders.

“Specific areas of growth include an ever-increasing portfolio of residential developments, the latest additions being two significant schemes in London, worth a combined £228m, and which will deliver new homes in both the prime residential for sale and affordable markets. It is the dedication, expertise and attention to detail of our teams, supported by our long-standing supply chain which underpins our success and has allowed us to tackle the current and recent industry headwinds. It has also enabled the company to continually look to improve our offer to clients, evolve as a business and seek to grow our footprint into new markets such as co-living, cut & carve and later-living where we are seeing an increasing level of enquiries.”

Martin Magee, Managing Director (MD), McAleer & Rushe

Recently, McAleer & Rushe have focussed on its Net Zero Carbon Pathway across its operations which includes the appointment of a new Head of Sustainability, Charlene Millen and investments in new technology critical to its Science Based targets approach.

The strong pipeline of work reflects the company’s continued growth of recent years and it is on track to achieve a turnover of £425m in 2023.

Recently, the contractor also celebrated a construction milestone, topping out at Exchange Square 2, a Build to Rent scheme in Birmingham for Grainger.