Interserve has bagged a multi-million-pound contract to develop a major mixed-use scheme in Birmingham, including a new Sainsbury’s superstore.
The ‘Selly Oak Shopping Park’ project will include 11 retail units, 418-bed student accommodation and car parking.
Sainsbury’s and Landesc are developing the 30-acre site, which has been derelict for 30 years, through the Harvest Partnership joint venture.
Interserve has begun works at the site and expects the retail units to be completed by next autumn with the Sainsbury’s superstore opening soon after.
The student accommodation is scheduled to be complete for the start of the 2019 academic year.
Interserve managing director Gordon Kew said: “Our Birmingham roots mean we are very proud of our long association with the city, where we have built many landmark projects.
“Undertaking this major redevelopment enables us to continue contributing to its future prosperity.”
Last month, Interserve’s share price halved after the firm issued a fresh profit warning over problem energy-from-waste contracts. Its share price has since recovered to 110p, but is still some way off the 152p it was at prior to the profit warning.