New contractor expected for former Torsion Leeds resi job
Summary
A luxury residential scheme in north Leeds, previously stalled after the original contractor entered administration, is expected to resume once a replacement contractor is appointed. The project’s lender has also moved to appoint administrators to the development company, adding another layer of restructuring around the scheme.
Why it matters
Surveyors involved in residential development, valuation or due diligence should note the project’s contractor and corporate instability, as these can affect build progress, completion risk and purchaser confidence. The case also highlights the importance of monitoring administration events and lender actions on live residential schemes.
Key points
- The £12m Residences at Val D’or scheme in north Leeds was left at a standstill after Torsion Construction entered administration.
- A new contractor is expected to be appointed, with the developer saying the project will go ahead.
- United Trust Bank filed a notice to appoint an administrator for Valdor Apartments, and BTG administrators have since been appointed.
- The developer says four units have already been sold and expects completion to take six to eight months once work restarts.
- Other Torsion Group entities have also entered administration or receivership, while Torsion Homes remains active.
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