Hotel Construction Company set to build on strong 2011 results

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The construction arm of the McAleer & Rushe Group will reveal increased turnover of £88.2m, in accounts soon to be filed for the year to 31 March 2011. The company, with offices in London, Belfast and Cookstown, will also report a four-fold increase in operating profits to over £3.2m and a 15% increase in staffing levels as a direct result.

The company, set-up in 1967, a specialist design and build contractor, has continued this growth since March 2011 and is on track to deliver turnover of more than £105m in its current financial year to March 2012 with comparable levels projected for the year to March 2013.

Recent highlights have included the handover of both the Maldron Hotel in Central Cardiff (May 2011), Jury’s Inn Gateshead (Aug 2011), the UK’s first ALOFT hotel, at the key Olympic venue, the Excel Exhibition Centre (Oct 2011) and the 400 bed Premier Inn, T5, Heathrow (Dec 2011) completed within 11 months of going-on site.

Key current projects include a £46m office/retail/residential contract in London’s West End and 3 further Premier Inns, including a flagship 630 bedroom hotel linked to Gatwick Airport’s North Terminal.

The company is a specialist in the hotel and office sectors having completed in excess of 12,000 bedrooms for 14 national operators over more than 40 projects and 1.5m sq. ft. office accommodation. The company looks forward to the continued expansion of its client base with several projects being actively negotiated at present for site starts in early 2012.

Group Finance Director, James Higgins commented:

“Despite challenging market conditions we are proud to demonstrate our improved trading performance and look forward to maintaining our current growth across a broad range of projects and clients without compromising our unique approach.”


McAleer & Rushe clears Heathrow Hotel for take-off three months ahead of schedule

Leading design-and-build contractor McAleer & Rushe has completed construction work on a 400-bedroom Premier Inn hotel at Heathrow Airport Terminal Five, handing the project over to developer Grove Developments three months ahead of schedule.

The new Premier Inn hotel is set over five storeys and totalling 128,650 sq ft (11,950 sq m) in size. Practical completion of the project was achieved in 46 weeks, against a scheduled timeframe of 59 weeks.
Martin Magee, construction director of McAleer & Rushe, comments:

“To reach practical completion on a project of this scale and complexity a full three months ahead of scheduled handover date is testament not only to the McAleer & Rushe team, but also to the seamless working relationship we have with Grove Developments and Premier Inn. With any project such as this, the end user requirements are paramount. Premier Inn have clearly defined brand standards and rigorous specifications to be achieved, but their straight forward approach together with a clear brief from our client Gove Developments allowed us to deliver an efficient high quality hotel building.”

The on-airport location led to some unique challenges, with bespoke specifications employed to meet the scheme’s requirements. Premier Inn offers customers a Good Night’s Sleep, Guaranteed, so reducing or eliminating external noise was a key requirement for protecting this unique customer promise. Construction methods were devised to achieve the necessary acoustic quality, while careful consideration had to be given to landscaping, car parking and external lighting proposals.

The hotel, located to the north of the airport and accessed via the A4 Bath Road, takes on a ‘doughnut’ form, centred around an inner courtyard and designed to provide an acoustic ‘buffer zone’ for guests’ comfort. The inclusion of a restaurant and bar on the ground floor – with four floors of bedrooms above – creates the impression of a rainscreen-coloured box hovering on a glazed and solid masonry base, with colours chosen to create a dynamic façade and complement the landscaping.

McAleer & Rushe was appointed at the outline planning stage, allowing the firm’s design and build team to implement the amendments necessary to achieve a more efficient building. Workmanship on the scheme also had to meet the standards demanded by Premier Inn, with build quality surpassing the operator’s expectations.

Martin Magee adds:

“This has been the first of four buildings to be constructed on behalf of Grove Developments and, with the success achieved on this project, we look forward with confidence to completing the other properties in the development programme in a similar fashion. We are very appreciative of the excellent relationship we have with Grove, and hope this relationship can be extended beyond the existing contracted properties.”

Sinead Hughes, Head of Grove Developments commented:

“We were delighted to work with McAleer & Rushe on this turnkey project. Completing the project ahead of time, within budget and to the exacting standards that we set from the outset augers well for the remaining properties in the development programme.”

 


Maldron Opens First UK Hotel At Rush’s Cardiff Scheme

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Irish hotelier Maldron Hotels has opened its first hotel in the UK in Cardiff, at a 216-bed scheme developed by Rush Developments.

Maldron is Ireland’s largest hotel group. It opened the new 12-storey superior three-star Maldron Hotel on the site of the former Central Hotel by the central railway station on May 16. It has created 50 new permanent jobs for Cardiff with more to follow when additional retail or restaurant space is let on the ground floor.

McAleer & Rushe was the main contractor on the 14-month project. The £25m hotel designed by Belfast-based White Ink Architects was funded by the Julian Hodge Bank of Cardiff.

Rush Developments is a well known South Wales developer owned by Kim Tonks and Ian Jones which has specialised in commercial development in this region for 30 years. Rush director Kim Tonks said:

We have been very pleased with the delivery of such a high quality hotel. McAleer & Rushe was a great company to work with and delivered the scheme to a very tight schedule on time and on budget. We are currently in discussions with a number of parties about other opportunities and are always interested in strong new development opportunities.

McAleer & Rushe construction director Martin Magee said:

This was a great project for McAleer & Rushe to be involved in and helps cement our premier league reputation for hotel construction and development. We are pleased to have met the challenging demands made of us to bring forward the completion of the hotel so that it could provide accommodation for those travelling to Cardiff for the Heineken Cup on Saturday. I would like to thank Rush Developments and Maldron Hotels, firstly for the opportunity and then for the very professional manner with which they conducted the contact which facilitated our ability to beat the programme and maintain the budget.

Maldron which has longer-term plans for more hotels in cities across the UK was founded in 2007 by former Jurys Doyle chief executive Pat McCann.
McCann who brought the Jurys Hotel to the Welsh capital in 1994 said:

I’m confident that the Maldron Hotel Cardiff will provide a significant boost to the Cardiff economy in terms of tourism and job creation. Strong comparisons can be drawn between Cardiff and Dublin, as it has a thriving leisure market at weekends and a strong corporate market during the week. For me the city offers huge potential so it made sense for our first UK development to be there.

[toggle title=”Further Hotel Information”][checklist]

  • 216-bed scheme
  • 12 Storey
  • 50 New permanent jobs
  • Opened: 16th May 2011
  • Designer: White Ink Architects
  • Developer: Rush Developments
  • Contractor: McAleer & Rushe
  • Cost: £25m

[/checklist][/toggle]


McAleer & Rushe’s Southgate Development In Bradford Wins Yorkshire Property Award

[success]McAleer & Rushe’s office and hotel scheme at Southgate in Bradford has won the category for Best Commercial Development at the Yorkshire Property Awards.[/success]

The award ceremony organised by the Variety Club was held at the Rudding Park Hotel near Harrogate last night (5 May). The Best Commercial Development award was sponsored by Land Securities.

The Bradford scheme designed by Belfast-based Todd Architects is located on the prominent corner of Godwin Street and Thornton Road and has regenerated a previously derelict site fronting onto Centenary Square and the Town Hall. It comprises a 117,003 sq ft office building, which was pre-let, and purpose designed for one of Bradford’s leading employers, Provident Financial Plc and a 200-bedroom Jurys Inn hotel.

Northern Ireland-based McAleer & Rushe was the contractor and developer and completed the building within budget in just 18 months. The eye-catching project includes an impressive splayed corner at the main junction as well as natural stone and large amounts of glazing, particularly at street level.

McAleer & Rushe’s property director Stephen Surphlis said:

We are very honoured to receive this prestigious award and would like to thank the Variety Club and the esteemed panel of judges. This award is a fitting tribute to all those that contributed to a building we are very proud of. We are pleased to have played our part in the new vibrant regeneration of the heart of Bradford.

Knight Frank advised McAleer & Rushe.


McAleer & Rushe Wins Property Oscar At Cannes

MIPIM Awards 2011

In a first for an Irish property company developer McAleer & Rushe has won a prestigious architectural award at MIPIM the international property conference
held this week in Cannes.

The Cookstown-based developer won the award for the best UK project for its W Hotel-led development on London’s Leicester Square.

The hotel designed by Jestico + Whiles provides an uber-cool luxury lifestyle experience with 192 guest rooms, including 17 suites, three WOW suites and one extreme WOW suite. In addition to the hotel, McAleer & Rushe’s ten storey building houses 11 two and three bedroom penthouse W Residencies and a 35,000 sq ft M&M’s World store which will be a European first boasting interactive attractions, merchandise and of course the much loved confectionary.

On Tuesday McAleer & Rushe announced from its stand in the London Pavilion at Cannes that it had put the building on the market with a guide price of circa £200m. Property agents Jones Lang LaSalle and Steerforth Partners are advising.

Speaking from Cannes McAleer & Rushe’s managing director Eamonn Laverty said:

This award is a fantastic and fitting tribute to the entire development team involved in this glamorous hotel project. It further cements our reputation as a leading player in hotel construction and development in the UK and Ireland.


McAleer & Rushe Premieres £200m W London Leicester Square Hotel Sale At Cannes

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McAleer & Rushe today launched the £200m sale of its W Hotel-led development on London’s Leicester Square at MIPIM the international property conference held in Cannes.

W London is situated on the corner of Leicester Square and Wardour Street, nestled between cultural Soho and the world-famous square, on the site of the former Swiss Centre. The hotel provides an uber-cool contemporary lifestyle experience with 192 guest rooms, including 17 suites, 3 WOW suites and 1 Extreme WOW suite. In addition to the hotel, McAleer & Rushe’s new ten-storey building, houses 11 two and three bedroom penthouse W Residencies and a 35,000 sq ft M&M’s World store which will be a European first boasting interactive attractions, merchandise and of course the much loved confectionary.
Speaking from McAleer & Rushe’s stand in the London Pavilion, McAleer & Rushe’s managing director Eamon Laverty said:

It is entirely appropriate that we should chose the glamorous surroundings of Cannes to launch the sale of London’s most glamorous hotel. This has very much been a flagship project for our company and it has already attracted considerable international interest, and it has been already nominated for two prestigious architectural awards. W London pays homage to Leicester Square’s rich cinematic history and it even boasts its own screening room so where better to premiere the sale.

McAleer & Rushe has appointed Jones Lang LaSalle and Steerforth Partners to advise on the sale.

Jones Lang LaSalle Hotels managing director Jonathan Hubbard said:

London remains a key focus for hotel investors, who continue to seek out prime located, high quality assets. The W Hotel is a superb hotel development situated in one of the capital’s most iconic districts. Following on from some landmark hotel deals in 2010 across Europe, such as the Crillon and Lutetia in Paris, Berners in London and Le Richemond in Geneva, this sale will generate global interest.

Damian Corbett Head of Capital Markets at Jones Lang LaSalle, said:

Demand for prime assets in London’s West End continues to outstrip supply. In a market still starved of quality assets but a definite appetite for investments of this kind, we are confident of securing a high level of interest in this sale, particularly from overseas buyers.

Jones Lang LaSalle will also announce the hotel sale at this week’s International Hotel Investment Forum in Berlin.


McAleer & Rushe Complete Work on W London Leicester Square

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London, 7 February, 2011 – McAleer & Rushe has completed construction work on the much anticipated W London Leicester Square, opening on 14th February 2011.

Set within the epicentre of London’s entertainment scene, W London is situated on the corner of Leicester Square and Wardour Street, nestled between cultural Soho and the world-famous square, on the site of what used to be the Swiss Centre. W London will provide an integrated contemporary lifestyle experience with 192 guest rooms, including 17 suites, 3 WOW suites and 1 Extreme WOW suite.

McAleer & Rushe’s managing director Eamon Laverty said:

This has very much been a flagship project for the company. We have built a hotel that is instilled with the highest levels of design and exclusivity that one would expect of such a glamorous brand as W. The opening of this hotel marks a major step forward within the wider regeneration of Leicester Square and was only made possible through close collaboration between the project team at W Hotels, Westminster City Council and McAleer & Rushe’s design team led by our architects Jestico + Whiles.

In addition to the hotel, McAleer & Rushe’s new ten-storey building, with an estimated end value of £200m, houses 11 two and three bedroom penthouse W Residencies and a 35,000 sq ft M&M’s World store which will be a European first boasting interactive attractions, merchandise and of course the much loved confectionary. The building has already been shortlisted for two prestigious international architectural awards. McAleer & Rushe will find out if they have won at a global property industry “Oscars” event held in Cannes, France in early March.

W London is veiled in translucent glass suspended off the face of the building like a floating sheer curtain, evoking the cinematic heritage of this part of the West End. This veil, an integrated public artwork, functions like a huge electronic canvas, the first of its kind in the UK. It allows the presence of the building to alter as day turns to night.

The veil artwork has been designed, in collaboration with Jestico and Whiles, by ground-breaking London-based art installation company, Jason Bruges Studio. They have created a conceptual interpretation of the changing light dynamics of the Leicester Square skyline over the preceding 24 hours. The installation will work by translating video footage, captured by roof top cameras, into night time performances on the building’s facade.

McAleer & Rushe and Jestico + Whiles are also currently working on the 252-bedroom Aloft London ExCeL hotel at the ExCeL exhibition centre in London’s docklands. This will be the second Aloft branded hotel in Europe following the opening of Aloft Brussels Schuman in 2010. Aloft London ExCeL will open in October 2011, ahead of the London Olympics in 2012.


McAleer & Rushe Flies Flag For London At MIPIM

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London, January 27, 2011 – London developments by McAleer & Rushe, European Land and Canary Wharf have each been shortlisted for this year’s Country of Honour Program (UK) Awards at MIPIM 2011 an international property conference held in Cannes in March.

McAleer & Rushe has also been nominated for the Hotels and Tourism Resorts award category. It has been chosen in both categories for its 192-bedroom 5-star W Hotel development on Leicester Square in London’s West End, designed by Jestico + Whiles. European Land has been selected for the UK award for its 5 Merchant Square Scheme at Paddington, London designed by Mossessian & Partners and Canary Wharf has been chosen for KPMG’s HQ in East London designed by Kohn Pedersen Fox Associates.

MIPIM yesterday (January 26, 2011) announced the 21 finalists for the 2011 MIPIM Awards selected by a jury of international real estate professionals. The jury examined some 100 projects from 27 countries ranging from Germany to Turkey and India to Japan. The jury paid special attention to such criteria as infrastructure and transportation access, environmental integration, originality of concept, technical and architectural quality and services offered. MIPIM Awards winners will be chosen by a combination of the MIPIM delegates and the international jury, each group representing 50% of the final vote. Other award categories include Business Centres, Refurbished Office Buildings and Residential Developments.

Filippo Rean, Director of MIPIM said:

The projects nominated for the MIPIM Awards come from all over the world, giving a global overview of the quality of today’s real-estate projects. We decided to change the organization of the MIPIM Awards by involving the jury alongside participants so as to avoid putting smaller, less-familiar projects at a disadvantage even though they are good enough to win a MIPIM Award.


McAleer & Rushe Appoints Jones Lang LaSalle To Advise On Flagship Leicester Square Project

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London, January 13, 2011 – McAleer & Rushe has appointed Jones Lang LaSalle to advise it on its flagship redevelopment of the Swiss Centre on London’s Leicester Square which is approaching completion.

The privately owned development, investment and construction firm achieved a UK first when it pre-let the building to Starwood Hotels & Resorts for its prestigious W London-Leicester Square. It then followed this up by announcing a European first when it announced that Mars Retail Group had let the entire 35,000 sq ft remaining commercial space for a M&M’s World store.

A spokesman for McAleer & Rushe said:

“Over recent months we have had numerous direct approaches from parties interested in buying the building. In light of the current strong demand for prime London property we have appointed Jones Lang LaSalle to conduct a review of our best possible strategy. But our current priority is to ensure the successful completion of this prestigious flagship project on time and on budget.”


McAleer & Rushe to Showcase W London, Leicester Square, at The London Pavilion MIPIM

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Development, investment and construction firm McAleer & Rushe is exhibiting at this year’s international property fair, MIPIM in Cannes. The company’s stand can be found in the London Pavilion opposite the London Club Lounge.

The company is using the exhibition as a global platform to showcase its W Hotel, London development. The building has been shortlisted for two prestigious international architectural awards, the Hotel and Tourism Award and the Country of Honour (UK) Award which will be awarded at the Cannes event. McAleer & Rushe’s new ten-storey building, with an estimated end value of £200m, includes the 192 Bed Hotel, 11 two and three bedroom penthouse W Residencies and a 35,000 sq ft M&M’s World store.

The senior management of the company will be available for interested parties to talk to about potential investment, development, funding and construction contract opportunities and the company is always interested in exploring interesting joint venture opportunities. In total the company has in excess of 7m sq ft of commercial developments coming through the planning and design phase or in construction.

We would be delighted to discuss a range of forward funding or joint venture opportunities. For more information or to arrange a meeting at MIPIM please contact Angus Monteith on 00 44 (0) 797420 5783 or Robert Millar on 00 44 (0) 77 66 55 0888 or visit our stand at the London Pavilion.