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All hands to the pump as rivals chase conversion


DEVELOPER St James has lined up four rivals for the opening salvos at a £60 million mixed scheme in north London.

The client has asked Laing, YJL, Ardmore and Surrey firm Foundation Developments to price the first three stages of the Hornsey project.

The bidders are pricing the work to convert the former Hornsey Pump House into an art gallery and restaurant, as well as the shell and core and building envelope packages for the first two buildings in an eight-block residential scheme.

The first package up for grabs is worth around £15 million and includes infrastructure works.

One source said: 'It's interesting to see Foundation Developments on the list as it is primarily a groundworks contractor, but the firm has been doing a lot of work for St James on its Deale Gateway scheme in Deptford.'

St James will appoint a contractor for the pump house conversion and the first two residential blocks - consisting of 166 apartments - next month.

These are due for completion in summer 2004.

It is understood St James will issue tenders for the shell and core for the six remaining blocks at the end of the year. The overall scheme will contain 460 apartments.

Haringey Borough Council gave the project planning permission last December.