Shaylor shrugs off Brexit fears as order book fills
Shaylor Group reports that it is continuing to bring in new business despite industry fears of a post-referendum downturn.
The company says that it has signed £100m of construction contracts in recent weeks, mostly in Birmingham.
These include a contract to build 77 apartments in Jewellery Quarter for a local real estate developer. Work will start on these shortly after Shaylor completes construction of a similar scheme for the same client comprising 41 apartments in Sutton Coldfield.
Shaylor has also been commissioned by Birmingham Properties Group to build a development of 140 student apartments plus common rooms and commercial retail units on a former brownfield site which will be ready for autumn 2017.
The company is also undertaking a refurbishment and new build project on Bristol Street for chartered surveyor Pennycuick Collins (on behalf of retained clients) to provide two ground floor commercial units and 75 student bedrooms.
Shaylor Group is also fitting out Birmingham’s first EasyHotel on John Bright Street.
Further south, in Hertfordshire and Kent, Shaylor is building and refurbishing a portfolio of retirement homes for an unspecified client.
Chief executive Stephen Shaylor said: “Naturally we are delighted that our clients remain confident working with us. Despite the post-Brexit fears regarding labour shortages and an industry wide recession, our order book is stronger than ever particularly with regards repeat business and framework agreements. We are confident that our independent status and collaborative approach continue to provide a ‘future proof’ platform for growth.”
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This article was published on 25 Oct 2016 (last updated on 25 Oct 2016).