Kier Group secures £170m contract for London project

22nd Apr 2015 09:04

Construction and services company Kier Group has been awarded a £170m contract by Greenland Group as part of a major regeneration scheme in Wandsworth, London.Kier will deliver the first phase of The Ram Quarter project, which comprises of three stages worth a total of £600m, including a 411,000sq ft of new build residential and retail space.The project will also include a 56,000sq ft refurbishment and remodelling of the Grade II listed brewery complex, to create restaurants, boutique shops, cafés and bars, a micro-brewery, a brewery museum and residential units.The FTSE 250 group said work will begin this month as is expected to be completed early in 2017."Kier has extensive experience in major mixed-use and regeneration projects in London and our breadth and depth of experience has positioned us to become a partner of choice for major city regeneration schemes," said group chief executive Haydn Mursell.Kier shares were up 0.31% 1,635.00p at 09:34 on Thursday.