A FTSE 250-listed construction company has unveiled plans to establish its national finance function in Manchester city centre, creating 250 jobs.
Kier, which already employs more than 5,500 staff in the North of England, is ramping up its regional presence by locating its new national Finance Shared Service Centre (FSSC) on Fountain Street.
The office, which is currently being refurbished by development division Kier Property, will provide approximately 25,000 sq ft of space over five floors and enable the £4bn-turnover listed company to expand and centralise its finance function. The team is responsible for managing supplier invoices, billing, project finance management, and tax and account.
The existing FSSC team of 50 employees will be significantly expanded with the addition of 250 new roles, all based in Fountain Street.
Kier already has offices in Queen Street and at Trafford Park, and this latest investment builds on a range of other commercial and regenerative activity delivered across the city and the region.
Nigel Brook, Kier executive director of construction and infrastructure services, said: "Our decision to locate Kier's new national finance function to Manchester is a testament to our strong and enduring commitment to the city and the region.
"We deliver a wide range of work here from property investment and development to a broad spectrum of construction and regeneration projects, to building and maintaining affordable housing and providing workplace services and facilities management.
"Over and above the £2.5bn of value our work in the North of England creates every year, this specific investment will create several hundred new jobs, tapping into a wealth of talent in the city and creating wider economic stimulus at a time when the city and the Greater Manchester Combined Authority looks set to go from strength to strength."
Kier Property recently purchased Oddfellows House in Manchester's Central Business District. Once redeveloped to become Eleven York Street (pictured), the site will provide 80,000 sq ft of grade A new-build office space in the city centre.