Conygar Investment Company PLC has announced the appointment of building and civil engineering company Sir Robert McAlpine as the main contractor to kickstart the £650 million redevelopment of The Island Quarter.
Sir Robert McAlpine will be delivering phase 1A of The Island Quarter scheme. Known as Canal Turn, the £9 million first phase will include a three-storey 2,000 sqm pavilion on the waterfront featuring two restaurants, around 500 sqm of events space with panoramic views and a large rooftop terrace.
Phase 1A, which was submitted for planning on 24 July, is expected to receive full approval from Nottingham City Council in October – followed by an immediate start on site. Phase 1A will be completed by November 2021.
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.