Lucrative Co Cavan job is biggest ever for Newry construction firm
A Newry construction firm is to announce a multi-million pound project in Co Cavan in its biggest business deal yet, the Belfast Telegraph can reveal.
CGDM Construction will start the work for the client, who cannot be named due to commercial sensitivities, next month.
But Cathal Grant, founder and managing director of the firm, said the deal for the construction and fit-out of new offices for one of the Republic's biggest companies was its most lucrative ever, and would enable it to hire more staff.
Mr Grant set up the firm in 2010 after he was made redundant by an architectural practice in Dublin.
It currently employs around 25 people and has an annual turnover of £6m.
He started the business in the spare room of his parents' home after moving back to Co Down.
While it began as an architectural design business, it expanded into design and build, combining architectural and construction services. It has gained contracts in the commercial, retail, banking, health, leisure and hospitality sectors throughout Ireland and the UK.
The majority of the company's work is in the Republic, and it has offices in Dublin and London.
It has been carrying out fit-out work for estate agency Savills in Dublin and will also start work on a new project in Co Roscommon for frozen food retailer Iceland on Monday.
Mr Grant, who is from Mayobridge, said contracts in Northern Ireland were growing, with the company working on a flexible office development for Newry construction firm Parker Green International. Parker Green International launched Flexi Work Space in Newry's Creamery Quarter last month.
It also fitted out the Merrion Buildings in Dublin in 2016 for serviced office use.
Mr Grant added: "Dublin is like a different world.
"At the minute, trying to get sub-contractors in Dublin is very tough as there's just so much more work there.
"It is so much more competitive in Northern Ireland, as there is far less work going round here."
The company is also investing more than £500,000 in new offices at Carnbane Business Park and creating 10 jobs.
Mr Grant said he expected the workforce to increase to 40 when the offices were built.
Economic development agency Invest NI has offered £74,000 of support towards the creation of the jobs and marketing activities.
The company is due to begin construction on its new offices shortly.
Mr Grant was named Businessperson of the Year in this year's Aer Lingus TakeOff Foundation Business Awards in London.
He said he hoped to reach turnover of around £10m over the next few years.