Morgan Sindall Investments has won a £450 million contract to carry out a waterfront regeneration scheme on the South coast.
The contractor was named preferred developer for the Royal Pier Waterfront project by Southampton City Council.
The development will include offices, residential, retail and leisure facilities, an extended park and an improved site for the Southampton International Boat Show, safeguarding the event’s future in the city.
The project is a joint initiative between Southampton City Council, the Crown Estate and Associated British Ports.
Morgan Sindall Investments executive chairman Ernie Battey said: “Being South coast-based and familiar with Southampton, I know how important it is to achieve an exciting and vibrant development for which we can all be proud.
“This key site provides the opportunity to position Southampton at the forefront of internationally-recognised waterfront schemes and MSI has the experience, knowledge and financial stability that will be crucial to its successful delivery.”