HBG IS set to win a £20 million shopping centre redevelopment in South Wales.
The firm looks to have beaten off competition from rivals Sir Robert McAlpine and Laing O'Rourke to secure the deal for UBS Triton Property Fund.
Work will include a complete refurbishment and extension to the Kingsway shopping centre in Newport. It will include 60 more retail units, a 750 space multi-storey car park and a food court.
The city council granted planning permission to UBS Triton Property Fund in February. UBS purchased the site in 2004.
Documents for the Kingsway shopping centre will be signed in the next few weeks, with construction anticipated to start in June.
Despite failing to make the cut in Newport, Laing O'Rourke looks to set to secure a £350 million deal to build a large extension to the St David's shopping centre in Cardiff for Land Securities. The firm saw off competition from Sir Robert McAlpine and Bovis Lend Lease to take the job.