14 October 2008

Midas Contribute to Bristol’s Regeneration

Midas Group is keeping busy on a number of buildings in Bristol's city centre, contributing successfully to the significant regeneration taking place in the City.

It has four key jobs in the centre of Bristol and these are:

The construction of Future Inns Hotel, Cabot Circus Development.

Midas Construction is constructing an eight storey, 149 bed hotel within the Cabot Circus Development.  The hotel will have bar, restaurant and conference facilities.  Midas started on site back in November 2007 and the completion of the building is expected in March 2009. 

The £9.5m refurbishment of Greyfriars House office block in Lewin's Mead.

Midas Interiors will strip out and refurbish both towers to the original shell and reinstate them to CAT A office requirements.  The building remains occupied on a number of floors and the project requires the decanting of tenants as the multi-phased refurbishment takes place.  Midas has offered its client a solution to the multi-phased refurbishment and the phased handover allows the client to bring 105,000 sq ft of lettable office space to the market earlier than anticipated.

The £4m extension and refurbishment of a commercial office block in Victoria Street.

Midas Construction is running the project which involves extending and refurbishing a five storey office block with rear external parking facilities at 10-22 Victoria Street.  The extension will increase the office space available to 46,124 ft².  This is no ordinary construction project though as Midas has undertaken to help local, disadvantaged young people by joining up with their customer Deeley Freed Estates and The Park; a local opportunity centre in Knowle West, to offer young people work experience. 

The £2.8m refurbishment of four floors in the Castlemead Building, Lower Castle Street.

Castlemead is the tallest building in Bristol and Midas Interiors will start refurbishing four of the 18 floors of the building during July.  This project is repeat business for Midas Interiors from the client St Martin's Property Corporation Ltd.  The team will strip out the current space and refurbish it to CAT A office requirements, plus a complete re-model of the main Reception area on the ground floor entrance. 

Alan Hope, Chief Executive, Midas Group, said:

"We are delighted to be getting involved with so many projects in the centre of Bristol, and bucking the current perception of gloom for the construction industry.  Being a Bristol-based company we are proud to be involved in the ongoing regeneration of our City.

"We look forward to announcing our yearly financial results in September and reconfirming that we are one of the few independent construction companies in the region.  We continue to successfully grow our customer base, our levels of service and our financial results."

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