Far East Consortium has set up a construction arm to build its Mount Yard residential scheme in Manchester.
Dex Construction will sit within the FEC group but operate as an independent contractor run by managing director Simon Adams.
The construction subsidiary will build the 12-storey residential tower, Mount Yard, following the collapse of previous contractor Bardsley Construction.
Dex Construction has taken on five managers previously employed by Bardsley and work on the scheme has restarted.
The Mount Yard scheme is part of the £200m MeadowSide residential scheme in the city centre, which is being delivered as part of an investment partnership between FEC and Manchester City Council to build more than 15,000 homes over 20 years.
Gavin Taylor, FEC regional general manager (pictured), said: “FEC has acted quickly and decisively to ensure the completion of Mount Yard to the highest possible standards and we aim to ensure that any delay in the build schedule will be minimal.
“Additionally, the situation has brought forward our plan to be capable to self-deliver our developments. At the same time, as we grow Dex, we will be free to explore opportunities with other developers and investors nationally.”
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