McAleer & Rushe Set to Surpass £500m Turnover in 2025

McAleer & Rushe, a leading design and build contractor, is on track to exceed a £500 million turnover in 2025, following a robust financial performance in 2024. The company reported a 12.6% increase in turnover, reaching £491.5 million, and a 46% rise in pre-tax profits to £16 million. This growth is attributed to significant project wins across various sectors, including residential, student accommodation, and later living developments .

Key Projects Driving Growth

• Bermondsey Residential Scheme: A £225 million project delivering 359 homes across two buildings, featuring amenities like communal gardens and a rooftop padel court .

• 65 Crutched Friars Student Accommodation: A £110 million development comprising a 21-storey tower with over 700 student rooms and a permanent home for London’s Migration Museum .

• Croke Park Hotel, Dublin: A £40 million hotel project adjacent to Dublin’s iconic stadium.

• Royal Tunbridge Wells Later Living Project: An £80 million development aimed at the growing later living market.

Strategic Initiatives

McAleer & Rushe is also investing in its London headquarters at 161 Drury Lane, undertaking a refurbishment to transform it into a modern, energy-efficient Grade A office space, targeting a BREEAM Excellent rating. This move aligns with the company’s commitment to becoming a Net Zero business by 2045 .

Contractor and Subcontractor Information

• Main Contractor: McAleer & Rushe

  
  

• Subcontractors and Consultants:

  
  

  • HTA Design: Architect for NE01 Wembley project

  • Walsh: Structural Engineer for NE01 Wembley project

  • Caldwell Consulting: M&E Consultant for NE01 Wembley project

  • BPP Energy: BREEAM Consultant for NE01 Wembley project

  • Jensen Hughes: Fire Consultant for NE01 Wembley project

  • 3XN: Architect for 65 Crutched Friars project

  • Dominus Real Estate: Developer for 65 Crutched Friars project

  
  

Sources

• McAleer & Rushe Reports Strong Growth

• Project wins drive £500 million turnover target at McAleer & Rushe

• McAleer & Rushe clinches £100m London city student scheme

• Greystar and McAleer & Rushe celebrate the first ‘Topping Out’ in the Bermondsey Project

• 161 Drury Lane - McAleer & Rushe