UK: A £92 million build-to-rent (BTR) tower in Barking will be completed two years behind schedule after the collapse of the original contractor, Henry Construction.
The 28-storey development at Trocoll House, next to Barking Station, was due for completion in May 2025 but will now be delivered in December 2027.
The delay follows Henry’s entry into administration in June 2023, when the west London firm owed £43 million to suppliers and had around 60 projects underway.
HG Construction was appointed in early 2025 to take over the project, designed by Farrells. The firm is now progressing the scheme in line with a revised budget and timeline.
The scheme is being funded by Railpen, the pension fund for the UK rail industry, with partners Revenue & Capital and Fifth Capital. The site previously housed a Wetherspoons pub.
Fifth Capital director Marc Pennick said: “It was caused by Henry Construction going into administration and the re-tendering process for another contractor to deliver the project. We have now partnered with HG Construction and the scheme is progressing extremely well, in line with the new budget and schedule.”
HG Construction CEO Adam Quinn said: “HG Construction worked with Fifth Capital and Railpen to unlock the scheme after the previous contractor went into administration. HG was appointed in early 2025 and we are on track with the new delivery programme, targeting completion in December 2027.”
Administrators from FRP Advisory have so far received 22 claims from suppliers and are pursuing £31.3 million from Henry directors and their relatives.
Highlights:
– A £92 million BTR project in Barking has been delayed by two years.
– The delay has been caused by the collapse of the original contractor, Henry Construction, in 2023.
– The scheme at Trocoll House has been re-awarded to HG Construction and is now due for completion in December 2027.
– The project has originally been scheduled for completion in May 2025.
– The cost has increased due to the impact of re-tendering and contractor administration.
