Project sources say that the £5 billion turnover contractor is in exclusive negotiations with client Multi Development for the project, which will feature a 72,000 sq m mixed-use scheme to the south of the city centre.
The Summer Row development will be a retail-led scheme, with a shopping centre anchored by Debenhams and a further 85 shops, as well as a cinema, leisure facilities, homes and an underground car park.
The developer – which recently completed work on the Victoria Square retail development in Belfast – is understood to have courted a number of major UK contractors to build the scheme but has now narrowed this down to the firm, whose offices are just a stone’s throw away from the site.
A project source said: “There is still a bit of work to be done,but Carillion is certainly the favourite. With other big retail jobs being mothballed because of the economy this might be hit by that, but at the moment it still seems likely they are keen to get on with it.”
Work will get underway once a final deal has been secured, with construction expected to take around 30 months to complete. The construction package is estimated to be worth just over £100 million.
In February the developer, which is working in partnership with Wolverhampton City Council on the scheme, was given clearance for a compulsory purchase order for the site following a public inquiry last year.
This decision was then subject of a legal challenge from property firm London & Cambridge, which is the leaseholder of the Wulfrun shopping centre that sits next to the Summer Row site.
But in April an agreement was reached between London & Cambridge and the Summer Row development team, allowing it to proceed towards construction.