By Joey Gardiner2021-04-30T05:00:00+01:00
Paul Nicholls reemerged last month with Real Construction after leaving contractor last summer
Newly created partnerships housebuilder Real Construction is on course to turn over as much as £100m in its first year of operation, according to its chief executive, former Wates Residential managing director Paul Nicholls.
Nicholls told Building’s sister title Housing Today that the business, formed last month with the purchase of two divisions of Grenfell Tower contractor Rydon, already had a bid pipeline of £1bn of jobs, mostly for housing associations, local authorities, local housing companies and care home developers.
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By Tom Lowe2021-04-13T05:00:00+01:00
Real, formed out of former Rydon regional businesses, will be led by Paul Nicholls
The former boss of Wates’ residential arm has re-emerged to spearhead a new housing-led contractor and developer called Real.
Paul Nicholls joined Wates from United House five years ago after spending 13 years there.
Paul Nicholls spent four years at Wates before leaving last summer
But he left Wates last summer as part of a wider rejig at the group. Nicholls was in charge of the firm’s public sector work and at the time one source said: “Paul is highly regarded, so this was a bit of shock. He’s very well connected in the regeneration circles.”