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HBG bags £73 million retail deal

CONTRACTS KINGSTON UPON HULL

HBG HAS knocked out rival bidders Kier and Taylor Woodrow to take a £73 million contract to build a shopping centre in East Yorkshire.

The planned St Stephens complex in Kingston upon Hull will provide 500,000 sq ft of space in the Ferensway area of the city after piecemeal regeneration attempts failed.

As well as shops, anchored by a 10,200 sq m Tesco superstore, the scheme will also include hotel, leisure and residential facilities. An existing railway and bus station will be converted into a £10 million public transport interchange.

The client on the project, Australian developer ING Real Estate, will make a formal announcement about HBG next month.

Work is set to start this spring and is due to be wrapped up in 2007. The most striking feature will be a glazed canopy roof.