Mace’s development arm has been given the go-ahead for a 247-home residential and student development in Sheffield.
The city council approved the contractor’s plans to build the homes along with 658 student rooms earlier this week.
Mace chief operating officer for development David Grover said: “I’m pleased that the council has recognised the potential of this scheme, and the importance of bringing forward much-needed high-quality homes and modern, attractive student accommodation for Sheffield city centre.”
The scheme is being built by Mace’s development arm and was highlighted in the group’s 2017 results, along with student accommodation schemes in Cardiff and Exeter on which construction had begun.
Revenue for its development business was flat at £16.8m for the year, but it added significantly to the firm’s work in progress, which increased from £22.5m to £108m on the balance sheet.
This week it was revealed that Mace’s flagship Tottenham Hotspur stadium project had been delayed over safety system issues.
The club revealed it had entered “urgent meetings” with the contractor and its subcontractors to devise a timetable for rectifying and re-testing safety systems.
Mace residential student housing Hoyle Street Sheffield 2