Ion will merge with Vinci UK Developments, and operate under the Ion Developments brand, headquartered at the Port of Liverpool Building.
The two businesses are already working jointly on a number of projects, including major urban regeneration schemes in Derby city centre, Chester Northgate 2, the Coventry Civic Centre site and Northwich Weaver Square. Ion鈥檚 existing development portfolio including Borough Yard, Birkenhead, Stafford town centre and Westgate Wakefield will also be delivered by the newly combined entity.
The new business will be led by a senior team comprising Steve Parry, managing director, Rob Mason, commercial cirector (both former Ion directors) and Ian Hudson, finance director, who led the finance team at Vinci UK Developments.
Parry said: 鈥淎t a time when local authorities and other public bodies across the UK are exploring new solutions for urban regeneration and the use of their land assets, this is the ideal moment to bring together these two specialist businesses to create a single regeneration developer which has the vision, experience and resources to bring projects of all sizes to life. We already have a strong forward pipeline and the new structure will only enhance our capacity to deliver these and other future projects.鈥�
Got a story? Email news@theconstructionindex.co.uk
